Which of the Following Is NOT Part of the Balance

question 60

Multiple Choice

Which of the following is NOT part of the balance of payments account?

• A) the current account
• B) the financial/capital account
• C) the official reserves account
• D) All of the above are BOP accounts.

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Definitions:

Sales Taxes

Taxes imposed on sales of goods and services, usually calculated as a percentage of the sale price and collected by the retailer at the point of purchase.

TANF Benefits

Temporary Assistance for Needy Families (TANF) benefits are government aid provided to families in need to help with their living expenses.

Federal Poverty Line

A government-determined threshold based on income, used to identify individuals and households that are considered living in poverty for the purpose of eligibility for certain assistance programs.

Welfare Policies

Governmental provisions aimed at ensuring the well-being of citizens, particularly those in need, through services such as healthcare, education, and financial assistance.