The current account is
A. the price of one nation's currency in term of the currency of another country.
B. a category of the balance of payments transactions that measures the exchange of merchandise, the exchange of services, and unilateral transfers.
C. the reserve assets created by the International Monetary Fund for countries to use in settling international payment obligations.
D. a category of the balance of payments transactions that measures flows of real and financial assets.
Answer: B
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What will be an ideal response?
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A. 1 only B. 2 only C. 3 only D. 2 and 3
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What will be an ideal response?