CFA Practice Question

There are 341 practice questions for this study session.

CFA Practice Question

The record of all transactions with foreign nations that involve the exchange of merchandise goods and services, net income earned abroad, and unilateral gifts is called the ______.
A. capital account
B. current account
C. balance of trade
Explanation: The current account is more encompassing than either the balance of merchandise trade or the balance of goods and services.

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