The Current Account Is

question 99

Multiple Choice

The current account is:

• A) a yearly summary of all the economic transactions between residents of one country and residents of the rest of the world.
• B) the sum of the balance of trade,net income on capital held abroad,and net transfer payments.
• C) the price of one currency in another currency.
• D) a currency whose value is not pegged but governments will intervene extensively in the market to keep the value within a certain range.

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