Multiple choice

Which of the following items is/are not included in a country's balance of payments?

  1. Import and export duties

  2. Shipping services

  3. Interest received from abroad

  4. Tourists' expenditure
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A Correct answer
Explanation

Import and export duties are not included in a country's balance of payments. Balance of payments accounts are an accounting record of all monetary transactions between a country and the rest of the world. These transactions include payments for the country's exports and imports of goods, services, financial capital, and financial transfers.

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