ECONOMICS
BALANCE OF PAYMENTS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Inheritance taxes
|
|
|
Transactions in patents
|
|
|
Reserve assets
|
|
|
None of the above
|
Detailed explanation-1: -Reserve assets include currencies, commodities, or other financial capital held by monetary authorities to finance trade imbalances, check the impact of foreign exchange fluctuations, and address other issues under the purview of the central bank.
Detailed explanation-2: -financial asset a contractual claim to something of value; modern economies have four main types of financial assets: bank deposits, stocks, bonds, and loans.
Detailed explanation-3: -Cash, stocks, bonds, mutual funds, and bank deposits are all are examples of financial assets.
Detailed explanation-4: -Reserve assets may be monetary gold, special drawing rights (SDRs), a reserve position in the International Monetary Fund (IMF), foreign exchange assets consisting of currency and deposits and securities, and other claims.