CURRENT ACCOUNT

CURRENT ACCOUNT

11th - 12th Grade

24 Qs

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CURRENT ACCOUNT

CURRENT ACCOUNT

Assessment

Quiz

Social Studies

11th - 12th Grade

Practice Problem

Medium

Created by

C K

Used 19+ times

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24 questions

Show all answers

1.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

What are the components of BOP?

2.

FILL IN THE BLANK QUESTION

30 sec • 2 pts

Define 'balance of trade'. [2]

3.

MATCH QUESTION

1 min • 5 pts

Match the following. [5]

a person who resides in the domestic country for one year or more

Invisible Trade

BOT in services

Income

not included in the BOP

Transfer Payments (Individual level)

Remittances

A resident of the domestic country

Dividends

No monetary movement from a resident to non-resident (and to non-resident to resident)

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What was the country's current account balance in 2015?

-40B

-30B

-20B

-10B

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

A

B

C

D

6.

OPEN ENDED QUESTION

3 mins • 1 pt

When does a BOT surplus occur? [2]

(Please answer in a complete sentence.)

Evaluate responses using AI:

OFF

Answer explanation

A surplus in the BOT happens when export revenue is greater than import expenditure.

OR

A surplus in the BOT happens when import expenditure is lesser than export revenue.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Pay attention: The BOP exclusion is asked.

:from the POV of Germany

A

B

C

D

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