Author Question: A gift from the British prime minister to the American president would be classified as a _____ in ... (Read 2948 times)

shenderson6 · **on:** Jun 30, 2018

A gift from the British prime minister to the American president would be classified as a _____ in the balance of payments account.
a. capital transfer
b. capital receipt
c. universal receipt
d. unilateral transfer
e. foreign aid

Question 2

A deficit in a country's current account means that:
a. the country is running a net deficit in its financial account.
b. the country is a net lender to the rest of the world.
c. the country is running a net surplus in its financial account.
d. the country will have a positive value of net exports.
e. the domestic production is in excess of domestic spending.