The 'Balance of Payments' Includes All of the Following Accounts

question 88

Multiple Choice

The 'balance of payments' includes all of the following accounts except the:

• A)current account.
• B)financial account.
• C)capital account.
• D)national debt account.

---

Definitions:

Utility

An economic term referring to the total satisfaction received from consuming a good or service.

Indifference Curve

A graphical representation showing different combinations of goods or services among which a consumer is indifferent, implying no preference for one combination over another, given their utility or satisfaction remains constant.

Preferred

Refers to something that is more desirable or favored over other options.

Indifference Curve

A graphical representation showing different combinations of two goods that provide equal satisfaction and utility to a consumer.