Current Account

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

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

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

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

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

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