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CIPS Exam A6 Topic 1 Question 49 Discussion

Actual exam question for CIPS's A6 exam
Question #: 49
Topic #: 1
[All A6 Questions]

Which of the following headings would appear in the current account of a country's balance of payments?

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Suggested Answer: C

by Corrina at Apr 24, 2024, 06:44 AM

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Arlene
8 months ago
I disagree, The question is specifically asking about the current account, so it's more likely to be A) Transactions in goods and services.
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Gladys
9 months ago
I believe it's B) Transactions in external assets and liabilities. Those are important for a country's balance of payments.
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Naomi
10 months ago
I agree with you, The current account includes trade in goods and services.
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Lemuel
10 months ago
I think the answer is A) Transactions in goods and services.
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Derick
10 months ago
Transactions in stocks and shares would also be part of the financial account, not the current account.
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Lonny
10 months ago
Got it. And D) Transactions in stocks and shares?
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Derick
10 months ago
Transactions in large sums of money are not a specific category in the balance of payments.
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Lonny
10 months ago
Oh, I see. What about C) Transactions in large sums of money?
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Derick
10 months ago
That's correct. Transactions in external assets and liabilities would be part of the financial account.
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Lonny
10 months ago
So that means B) Transactions in external assets and liabilities would not appear in the current account?
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Derick
10 months ago
A) Transactions in goods and services would appear in the current account.
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