Asked by
Joseline Ortega
on Nov 12, 2024
Verified
Which of the following is not classified as a service in the current account?
A) Transportation
B) Insurance
C) Tourist expenditures
D) Computer software development
E) Unilateral transfers
Current Account
A country's trade balance, plus net income and direct payments, representing the difference between a nation's savings and its investment.
Tourist Expenditures
Amount of money spent by visitors in a country on accommodation, food, transportation, entertainment, and other services and goods.
Unilateral Transfers
Financial flows from one country to another that do not require repayment, such as foreign aid or remittances.
- Delineate the distinctions between corporeal and incorporeal goods within the realm of international trade.
- Examine the differentiation between capital and current accounts concerning the balance of payments.
Verified Answer
TG
Learning Objectives
- Delineate the distinctions between corporeal and incorporeal goods within the realm of international trade.
- Examine the differentiation between capital and current accounts concerning the balance of payments.