6.4 Current account of the balance of payments

Which of these is NOT included in the current account of the Balance of Payments?

• Trade Balance in Goods
• Trade Balance in Services
• Net Primary Income from Overseas Assets
• Balance of Banking Flows

Finished Manufactured goods is included in?

• Trade Balance in Goods
• Trade Balance in Services
• Net Primary Income from Overseas Assets
• Net Secondary Income

Tourism, transport & logistics are included in?

• Trade Balance in Goods
• Trade Balance in Services
• Net Primary Income from Overseas Assets
• Net Secondary Income

Net Remittance flows from migrant workers are included in?

• Trade Balance in Goods
• Trade Balance in Services
• Net Primary Income from Overseas Assets
• Net Secondary Income

UK Payments to the European Union are included in?

• Trade Balance in Goods
• Trade Balance in Services
• Net Primary Income from Overseas Assets
• Net Secondary Income

Most UK owned foreign assets are in?

• Europe
• Americas
• Asia
• Africa

Which of these solutions would NOT fund a current account Balance of Payments deficit

• attract inflows of financial capital from other countries
• borrow money from international lenders
• send surplus outflows of financial capital abroad

Which of these countries currently has a Balance of Payments current account deficit?

• Germany
• China
• Switzerland
• United States

What is the most likely consequence for the exchange rate of a current account surplus?

• Exchange rate will get stronger/appreciate/increase in value
• Exchange rate will get weaker/depreciate/decrease in value

A deficit on the Balance of Payments is a bad thing

• Always true
• Always false
• It depends