Which Account Records Current Flows of Funds into and Out

question 35

Multiple Choice

Which account records current flows of funds into and out of the country?

• A) the balance of payments
• B) the merchandise trade balance
• C) the financial account
• D) the trade deficit
• E) the current account

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Definitions:

Equal Size

A condition or notion where elements or objects possess the same dimensions, volume, or quantity.

Business Travelers

Individuals who travel primarily for business purposes, often involving visits to different cities or countries.

Leisure Travelers

Individuals or groups traveling for non-business purposes, such as relaxation, vacation, or recreation.

Elastic Demand

A situation in which the demand for a product is sensitive to price changes.