The primary component of the current account is the.
A. balance of trade
B. balance of money market flows
C. balance of capital market flows
D. unilateral transfers
Answer: Option A
Solution (By Examveda Team)
The primary component of the current account is the balance of trade. The balance of trade is the difference between the value of a country's imports and exports for a given period. The balance of trade is the largest component of a country's balance of payments. Economists use the BOT to measure the relative strength of a country's economy.This Question Belongs to Management >> International Finance And Treasury
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