CIPS Exam A6 Topic 3 Question 65 Discussion

Actual exam question for CIPS's A6 exam

Question #: 65
Topic #: 3

[All A6 Questions]

Which of the following headings would appear in the current account of a country's alance of payments? (2 marks)

ATransactions in goods and services

BTransactions in external assets and liabilities

CTransactions in large sums of money

DTransactions in stocks and shares

Show Suggested Answer

Suggested Answer: A

by Carli at Sep 15, 2024, 01:27 AM

Limited Time Offer

25%

Off

Get Premium A6 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Alfred

8 months ago

I don't know, guys. This question seems a little too easy. Are they trying to trick us or something? I'm still gonna go with A though.

upvoted 0 times

...

Chana

8 months ago

D? Stocks and shares? That's gotta be the investment account, not the current account. Nice try, but I'm picking A.

upvoted 0 times

Elly

7 months ago

So, we're both going with A) then. Good choice!

upvoted 0 times

...

Marsha

7 months ago

Definitely not D) Transactions in stocks and shares, that's for investments.

upvoted 0 times

...

Kattie

7 months ago

I agree, that sounds right. It's all about the trade balance.

upvoted 0 times

...

Adela

7 months ago

I think A) Transactions in goods and services would appear in the current account.

upvoted 0 times

...

Kathrine

8 months ago

C is just too vague. I'm gonna go with A, that seems like the most specific and accurate option.

upvoted 0 times

Virgina

7 months ago

Yeah, A makes the most sense for the current account of a country's balance of payments.

upvoted 0 times

...

Lajuana

7 months ago

I agree, A is more specific and related to the current account.

upvoted 0 times

...

Dean

8 months ago

I think A is the right answer too. It's about goods and services.

upvoted 0 times

...

Royce

8 months ago

I think B is the way to go. Doesn't the current account include external assets and liabilities?

upvoted 0 times

Micaela

8 months ago

I'm not sure, but I think B might be correct. It mentions external assets and liabilities.

upvoted 0 times

...

Whitney

8 months ago

I agree with Whitney. A sounds like the right choice.

upvoted 0 times

...

Hermila

8 months ago

I think A is the correct answer. It includes transactions in goods and services.

upvoted 0 times

...

Desmond

9 months ago

I'm not sure about that. I think it could also include 'Transactions in external assets and liabilities'.

upvoted 0 times

...

Gary

9 months ago

I agree with Fletcher. The current account includes trade in goods and services, so that makes sense.

upvoted 0 times

...

Chan

9 months ago

A has to be the correct answer. The current account tracks transactions in goods and services, right?

upvoted 0 times

Lauran

8 months ago

I agree, it provides valuable information for policymakers and analysts.

upvoted 0 times

...

Barney

9 months ago

Definitely, it helps to understand the economic health of a country.

upvoted 0 times

...

Rickie

9 months ago

That makes sense. It's important to keep track of those transactions.

upvoted 0 times

...

Valentine

9 months ago

Yes, A is the correct answer. The current account tracks transactions in goods and services.

upvoted 0 times

...

Fletcher

9 months ago

I think the heading 'Transactions in goods and services' would appear in the current account.

upvoted 0 times

...