The account in balance of payment that consists of all transactions in financial assets is known as:

Related Mcqs:

1. Account is format banking, brokerage or business relationship established to provide for regular services. dealings and other financial transactions. Which of the following phenomenon(s) are also referred by term, Account ?

   A. A precise list or enumeration of financial transactions B. Money deposited for checking savings or breakage use C. A customer having business or credit relationship with a firm D. All of these...

2. The difference between the balance on current account and the balance on capital account is the ?

   A. statistical discrepancy B. balance of payments C. balance of trade D. trade deficit...

3. Which term is used for an addition to normal payment by a company or extra payment of gratuity to workers ?

   A. Bonus B. Overtime C. Prize D. Gift...

4. A payment is made in return for some transference of privilege. What this payment is called ?

   A. Royalty B. Rent C. Share D. Intellectual royalty...

5. The record of a country’s transactions in goods, services and assets with the rest of the world is its ?

   A. balance of trade B. capital account C. current account D. balance of payments...

6. Which exchange rate mechanism in intended to insulate the balance of payments from short-term capital movements while providing exchange rate stability for commercial transactions ?

   A. dual exchange rates B. managed floating exchange rates C. adjustable pegged exchange rates D. crawling pegged exchange rates...

7. An annual summary of country’s international economic and financial transactions is ?

   A. the capital accounts B. the international balance of payments statements C. the long-term current account D. the trade accounts...

8. The balance of payment is ?

   A. Balance between a nation’s expenditure on imports and its receipts from exports B. Total sum a state owned C. Total liabilities of a nation D. Shortfall in budget...

9. A capital account surplus might be expected to cause a current account deficit because the associated ?

   A. capital outflow would cause the nation’s currency to depreciate contributing to a trade deficit B. capital inflow would cause the nation’s currency to depreciate contributing to a trade deficit C. capital inflow would cause the nation’s currency to appreciate contributing to a trade deficit D. capital outflow would cause the nation’s currency to appreciate...

10. If the economy is at the peak of the business cycle, aggregate demand ____ unemployment _______ inflation _______ and the current account of the balance of payments is likely to move towards _______?

    A. rise; falls; rise; deficit B. falls; rises; falls; surplus C. falls; falls; falls; surplus D. is static; low; rises; deficit...