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CIPS A6 Exam - Topic 1 Question 56 Discussion

Actual exam question for CIPS's A6 exam

Question #: 56
Topic #: 1

[All A6 Questions]

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 Lai at Jul 07, 2024, 01:24 AM

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Ahmed

9 months ago

Totally agree with A being the right choice!

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Alfreda

9 months ago

Wait, are you sure A is the only one? What about D?

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Gerald

10 months ago

C seems off, large sums don't belong there.

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Shawnee

10 months ago

I think B is also relevant, but not for the current account.

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Ressie

10 months ago

Definitely A! That's a classic current account item.

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Rebbecca

10 months ago

I feel like transactions in stocks and shares don't belong in the current account, but I can't recall exactly why.

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Lashaunda

11 months ago

I'm a bit confused about the other options. I thought transactions in external assets and liabilities might be part of the financial account instead?

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Ben

11 months ago

I remember practicing a similar question, and I believe option A is definitely correct since it relates to trade balance.

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Mollie

11 months ago

I think the current account includes transactions in goods and services, but I'm not entirely sure if that's the only thing it covers.

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Claribel

11 months ago

Wait, I'm confused - isn't the current account also supposed to include things like investment income and remittances? I'm not sure if A covers all of that or if B might be a better choice.

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Clarinda

11 months ago

Okay, I remember learning that the current account tracks a country's international transactions, including trade, income, and transfers. So I think A is the right answer here.

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Narcisa

11 months ago

Hmm, I'm a bit unsure about this one. I know the current account includes trade in goods and services, but I can't remember if that's the exact wording used. I'll have to think this through carefully.

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Ligia

11 months ago

I'm pretty confident this is asking about the components of a country's balance of payments, so I think the answer is A - Transactions in goods and services.

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Stephane

11 months ago

This question seems straightforward, but I want to make sure I understand the key details about web page access for CUIC users and administrators.

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Laine

11 months ago

Hmm, this is a tricky one. I'm not entirely sure about the specifics of union dues deductions, so I'll need to think through the options carefully and try to eliminate the ones that don't seem quite right.

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Cheryll

11 months ago

I've got this! The key is to select or create a different schedule (option A) and edit the parameters of the default policy (option D). That should do the trick.

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Desiree

11 months ago

Hmm, this seems like a tricky one. I'll need to carefully review the profiling service configuration and the default settings in Cisco ISE to figure out what could be causing the issue.

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Arminda

2 years ago

C) Transactions in large sums of money - haha, nice try, but the current account is way more than just big bucks moving around.

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Willis

2 years ago

B) Transactions in external assets and liabilities - that's gotta be it, the current account is all about the country's international investments, right?

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Desmond

2 years ago

D) Transactions in stocks and shares - I don't think that would be included in the current account, it's more about financial investments.

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Denna

2 years ago

B) Transactions in external assets and liabilities - yes, that's correct. It includes the country's international investments.

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Tambra

2 years ago

B) Transactions in external assets and liabilities - yes, that's correct! The current account includes transactions related to international investments.

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Shayne

2 years ago

A) Transactions in goods and services - that sounds like it would be included in the current account.

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Chantell

2 years ago

A) Transactions in goods and services - that sounds like it would be included in the current account.

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Stefan

2 years ago

A) Transactions in goods and services - that's the correct answer, it's the core of the current account.

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Pedro

2 years ago

A) Transactions in goods and services - that's the correct answer, it's the core of the current account.

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Reena

2 years ago

D) Transactions in stocks and shares.

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Brittney

2 years ago

C) Transactions in large sums of money

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Jodi

2 years ago

B) Transactions in external assets and liabilities

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Virgilio

2 years ago

A) Transactions in goods and services

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Ashanti

2 years ago

I think 'Transactions in large sums of money' would not be included in the current account, as it is too vague and not specific to goods and services.

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Renea

2 years ago

I believe 'Transactions in external assets and liabilities' would also be included, as they are important for the current account balance.

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Lashaunda

2 years ago

I agree with Portia, as goods and services are typically included in the current account.

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Portia

2 years ago

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

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