A Country's International Transactions Can Be Grouped into the Following

question 48

Multiple Choice

A country's international transactions can be grouped into the following three main types:

• A)current account,medium term account,and long term capital account.
• B)current account,long term capital account,and official reserve account.
• C)current account,capital account,and official reserve account.
• D)capital account,official reserve account,trade account.

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Definitions:

Unique Advantage

It denotes a distinctive benefit or competitive edge that separates a company, product, or service from its competitors.

Goods-producing Organizations

Companies that create physical products through the conversion of raw materials and components into finished merchandise.