CIPS Exam A6 Topic 1 Question 49 Discussion

Actual exam question for CIPS's A6 exam

Question #: 49
Topic #: 1

Which of the following headings would appear in the current account of a country's balance of payments?

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: C

by Corrina at Apr 24, 2024, 06:44 AM

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16 hours ago

Transactions in large sums of money are not a specific category in the balance of payments.

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2 days ago

Oh, I see. What about C) Transactions in large sums of money?

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3 days ago

That's correct. Transactions in external assets and liabilities would be part of the financial account.

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4 days ago

So that means B) Transactions in external assets and liabilities would not appear in the current account?

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5 days ago

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

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