In a Nation's Balance of Payments, the Current Account Includes

question 133

Multiple Choice

In a nation's balance of payments, the current account includes

• A) the changes in the official reserve transaction account.
• B) the purchases of foreign assets.
• C) the balance of the trade account, the balance of the services account, and net unilateral transfers.
• D) All of the above.

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Definitions:

Groundwater Depletion

The excessive withdrawal of groundwater resources faster than they can naturally be replenished, leading to a decline in groundwater levels.

Overgrazing

occurs when plants are exposed to intensive grazing for extended periods, impairing plant growth and soil health.

Nomadic Lifestyle

A way of life characterized by moving from one place to another rather than settling permanently in one location, often for reasons such as following seasonal food sources or grazing lands for livestock.

Desert Ecosystem

A biome characterized by very low precipitation, extreme temperatures, and sparse vegetation, supporting a unique set of flora and fauna adapted to arid conditions.