ECONOMICS
BALANCE OF TRADE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The United States sends $50 million in foreign aid to Haiti.
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debit current account
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credit current account
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debit capital account
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credit capital account
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Explanation:
Detailed explanation-1: -Short-term commercial borrowings are not included in the current account of the Balance of Payment(BoP) in India.
Detailed explanation-2: -The current account in a nation’s balance of payments includes: its goods exports and imports, and its services exports and imports. A nation’s current account balance is equal to its exports less its imports of: goods and services, plus net investment income and net transfers.
Detailed explanation-3: -Which of the following would call for outflows of money from the United States? The United States purchases assets abroad.
There is 1 question to complete.