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Authored by Stephanie Foo

Business

12th Grade

Used 4+ times

Current Account
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6 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A tourist spent $250

at Sentosa's Universal Studios.

How does this affect Singapore's current account?


Trade Balance debit

Trade Balance credit

Primary Income Balance debit

Primary Income Balance credit

Current Transfers (Secondary Income balance) debit

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A Singaporean working in Silicon Valley,

sending money back to his/her family in Singapore.

How does this affect Singapore's current account?

Primary Income Balance debit

Primary Income Balance credit

Current Transfers (Secondary Income balance) debit

Current Transfers (Secondary Income balance) credit

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A Singaporean received $200 of

dividends from his shares in Google (United States).

How does this affect Singapore's current account?

Primary Income Balance debit

Primary Income Balance credit

Current Transfers (Secondary Income balance) debit

Current Transfers (Secondary Income balance) credit

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

DBS purchased a ATM machine from

America.

How does this affect Singapore's current account?

Trade Balance debit

Trade Balance credit

Primary Income Balance debit

Primary Income Balance credit

Current Transfers (Secondary Income balance) debit

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Singapore to donate $270,000 to help quake victims in Turkey and Syria.

How does this affect Singapore's current account?

Primary Income Balance debit

Primary Income Balance credit

Current Transfers (Secondary Income balance) debit

Current Transfers (Secondary Income balance) credit

6.

MULTIPLE SELECT QUESTION

20 sec • 2 pts

Which of the following could lead to a worsening of Singapore's balance of trade? Please select all options that apply.

Higher inflation rate in Singapore relative to the rest of the world

Global economic growth

Deterioration of the quality of Singapore's exports

Depreciation of Singapore dollars

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