Multiple choice

Which of the following are not a current account transaction?

  1. Payments due as interests on loans

  2. Export and import of goods account services

  3. Expenses incurred in connection with travel abroad

  4. None of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

'Current account transaction' is a transaction other than a capital account transaction and such transaction includes payments due in connection with foreign trade, interest on loans and foreign travel, education and medical care of parents, spouse and children. 

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