Author Question: Which of the following will be included as a unilateral transfer in the balance of payments account ... (Read 78 times)

abern · **on:** Jun 30, 2018

Which of the following will be included as a unilateral transfer in the balance of payments account of a country?
a. Transportation costs involved in traveling from a foreign country to the domestic country
b. A foreign worker in the domestic country sending money to his home country
c. Compensation earned by foreign workers in the domestic country
d. Royalties paid to residents working in a foreign country
e. Income paid on foreign-owned investments in the domestic country

Question 2

Which of the following will be included in the services account of a country?
a. Imports of goods from a foreign country
b. Gifts to the residents of a foreign country
c. Exports of goods to a foreign country
d. Purchase of land in a foreign country
e. Transportation costs involved in international travel