Which of the Following Factors Is NOT Part of the Current

question 85

Multiple Choice

Which of the following factors is NOT part of the current account of a country?

• A) exports
• B) imports
• C) unilateral transfers
• D) Social Security contributions

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Definitions:

Gross Profit Method

A technique used to estimate the amount of inventory a business has by applying the gross margin ratio to the cost of goods sold.

Fireproof Vault

A secure storage unit designed to protect contents from fire, typically used to safeguard valuable documents and items.

Grossprofit Ratio

A financial metric that measures the proportion of money left over from revenues after accounting for the cost of goods sold (COGS), expressed as a percentage of sales.

Replacement Cost

The current cost of replacing an asset with a new one of similar style and quality.