Question:
How will the export of machinery be recorded in the balance of payment account of an economy?
How will the export of machinery be recorded in the balance of payment account of an economy?
Updated On: Nov 4, 2024
- Current account, debit side
- Capital account, debit side
- Current account, credit side
- Capital account, credit side
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The Correct Option is C
Solution and Explanation
Exports are recorded on the credit side of the current account, as they represent an inflow of foreign currency.
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