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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