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Balance of Payments · Question 33 of 53

Question 33

EasyOriginal question

The balance of trade is

exports of goods − imports of goodsCorrect answerYour answerexports of goods and services − imports of goods and servicesCorrect answerYour answercurrent account + capital accountCorrect answerYour answerforeign investment − foreign loansCorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer A

Correct answer: A

The balance of trade covers visible items (goods) only.

Concept: Balance of trade
Typical timeTypical: 40 s
Your timeYours: —

The rule this testsBalance of trade and current account balance

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Ten questions from Balance of Payments, at your own pace.

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Ten questions from Balance of Payments, at your own pace.

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