Name the broad categories of transactions recorded in the 'Current Account' of the Balance of Payments Accounts.
Name the broad categories of transactions recorded in the 'Current Account' of the Balance of Payments Accounts.
4 views
1 Answers
Transactions Recorded in Current Account-
Two Principal components of current account of balance of payments are:
(i) Merchandise and; (ii) Invisibles.
Invisibles Include-(a) Non-factor services,
(b) Income, and (c) Current transfers
4 views
Answered