Note AcademyNote Academy
Start

Economics · Oct / Nov 2022 · Paper 13 · Question 28

2281Current account of the balance of payments

Vietnamese companies buy insurance from companies in the US. How will this transaction be recorded in the Vietnamese balance of payments?

  1. Atrade in goods — credit
  2. Btrade in services — credit
  3. Ctrade in services — debit
  4. Dcurrent transfers — debit

As printed in the paper

Show the answer

Correct answer: C. trade in services — debit

Sit this whole paper →More on Current account of the balance of payments

Make a free account to save your answers and see your weak topics and ask the AI why a wrong answer is wrong.