Biology Forums - Study Force

Question 1.

The balance of payments is divided into two major accounts, the

▸ current account and the trade account.

▸ current account and the capital account.

▸ current account and the reserve account.

▸ trade account and the capital account.

Question 2.

An Italian citizen buys a U.S. bond. This transaction will be entered as

▸ a credit in the U.S. current account.

▸ a credit in the U.S. capital account.

▸ a debit in the U.S. current account.

▸ a debit in the U.S. capital account.

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Good timing, thanks!