Question:
Study the following figure carefully and choose the correct alternative to fill in the blank:
Balance of Payments Account
Study the following figure carefully and choose the correct alternative to fill in the blank:
Balance of Payments Account
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Remember, the Current Account of BoP includes trade in goods, trade in services, and unilateral transfers.
Updated On: Jan 30, 2025
- Investments
- Trade of Services
- External Borrowings
- External Assistance
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The Correct Option is B
Solution and Explanation
The Balance of Payments (BoP) Current Account records trade in goods (merchandise), trade in services, and transfer payments.
Option (B): Trade of services is the correct term to complete the given flowchart.
Options (A), (C), and (D): Investments, external borrowings, and external assistance belong to the Capital Account, not the Current Account.
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