Question

Which of the following item will not be included in balance of current account? a) Balance of unilateral transfers b) Balance of invisible items c) Balance of trade d) External commercial borrowings

Answer 1

Answer:

c) Balance of trade

Explanation:

The four major components of the Current account are as follows: Visible trade – This is the net of export and imports of goods (visible items). The balance of this visible trade is known as the trade balance.