Asked by
Nafisha Khanom
on Nov 12, 2024
Verified
The debit side of the current account includes the imports of _____.
A) goods only
B) goods and services
C) services only
D) services and resources only
E) financial assets
Current Account
A component of a country's balance of payments that includes the trade balance, net income from abroad, and net current transfers.
Imports
Products and services imported into a country from overseas to be sold.
Financial Assets
Assets that derive value because of a contractual claim, such as stocks, bonds, and bank deposits.
- Master the intricacies involved in a nation's balance of trade concerning goods.
- Differentiate between concrete products and abstract services in international commerce.
- Identify the distinctions between credits and debits in the context of balance of payments accounting.
Verified Answer
LF
Learning Objectives
- Master the intricacies involved in a nation's balance of trade concerning goods.
- Differentiate between concrete products and abstract services in international commerce.
- Identify the distinctions between credits and debits in the context of balance of payments accounting.