🎴 Flashcard Mode
Components of Balance of Payments
Card1 / 5
Mastered0
Review0
QuestionClick to flip
Which of the following is a component of the current account of the Balance of Payments?
AnswerClick to flip back
A
Exports of goods
💡 Explanation:
Exports of goods are a component of the current account of the Balance of Payments because they represent the value of goods that are sold by a country to other countries.