The Current Account Is

question 84

Multiple Choice

The current account is

• A) the reserve assets created by the International Monetary Fund for countries to use in settling international payment obligations.
• B) the price of one nation's currency in term of the currency of another country.
• C) a category of the balance of payments transactions that measures flows of real and financial assets.
• D) a category of the balance of payments transactions that measures the exchange of merchandise, the exchange of services, and unilateral transfers.

---

Definitions:

American Jurisprudence 2d

A comprehensive encyclopedia set covering all fields of American law, serving as a secondary reference for legal principles.

Pocket Part

A pamphlet containing recent cases or changes in the law that is used to update legal encyclopedias and other legal authorities. It is called a “pocket part” because it slips into a pocket or sleeve in the front or back binder of the volume.

Update Pamphlet

An update pamphlet is a publication that provides the most recent information or changes on a topic, often for educational or instructional purposes.

Law Book

A publication containing legal rules, regulations, and case law to guide legal professionals and scholars.