A gift from the British prime minister to the American president ...

[shenderson6]

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.

[taylorsonier]

Answer to Question 1

d

Answer to Question 2

c

[shenderson6]

Wow, this really help

[kilada]

Thanks for the timely response, appreciate it