Which of the following is NOT one of the components of the balance of payments?
A) Currency trade
B) Merchandise trade
C) Service trade
D) Capital movement

Question

Quizplus · Accepted Answer

Currency trade is not a component of the balance of payments, as it refers to the exchange of currencies between individuals or institutions, while the balance of payments refers to the overall economic transactions between a country and the rest of the world, including merchandise trade, service trade, and capital movement. Currency trade is not one of the components of the balance of payments. The correct components are merchandise trade, service trade, and capital movement.

Which of the Following Is NOT One of the Components