ECONOMICS
BALANCE OF PAYMENTS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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As part of its foreign aid programme the Australian government lent $45m to the govt of PNG at low interest rates. How is this loan recorded in Australia’s balance of payments?
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a capital transfer credit in the Capital Account
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a debit in the Financial Account
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a primary income debit in the Current Account
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a capital transfer debit in the Capital Account
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Explanation:
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