Examveda
Examveda

Factor proceeds are part of which section of balance of payments

A. liabilities

B. current account

C. balance of trade

D. both a & b

Answer: Option B

Solution(By Examveda Team)

Factor proceeds are part of which section of balance of payments current account. The current account records a nation's transactions with the rest of the world specifically its net trade in goods and services, its net earnings on cross-border investments, and its net transfer payments over a defined period of time, such as a year or a quarter.

This Question Belongs to Management >> International Finance And Treasury

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