The record of a county's transfers of shareholding property and bank deposits to and from abroad is called its ?
Correct answer: A. financial account on the balance of payments.
- A. financial account on the balance of payments.
- B. balance of payments
- C. balance of payments on current account
- D. capital account of the balance of payments
Explanation
Purchases and sales of shares, other financial assets and bank deposits across borders are recorded in the financial account. The capital account covers mainly capital transfers and certain non-produced assets.
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About Macroeconomics
The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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