____________ are balance of payments transactions involving the receipt of payments from foreigners.
A)Debit transactions
B)Credit transactions
C)Accommodating transactions
D)Autonomous transactions

Question

Quizplus · Accepted Answer

Credit transactions are balance of payments transactions involving the receipt of payments from foreigners. These transactions include exports, foreign investment, and tourism revenue. Debit transactions, on the other hand, involve payments made to foreigners, such as imports, foreign aid, and debt repayments. Accommodating transactions refer to transactions made by a central bank to control the exchange rate, while autonomous transactions are not influenced by economic policy and occur due to market forces.

____________ Are Balance of Payments Transactions Involving the Receipt of Payments