PPSCFPSCNTSPakistan govt jobs
- Subject
- Macroeconomic Issues and Analysiseconomics-mcqs › macroeconomic-issues-and-analysis
- Published
- 31 May 2019
- Last updated
- 28 May 2026
What is the term for a country's record of land transfers between governments, intergovernmental payments, and remittances sent by migrants internationally?
Multiple choice question for Macroeconomic Issues and Analysis. Select an option, then review the explanation below.
Explanation
The balance of payments is the comprehensive record of all economic transactions between residents of a country and the rest of the world, including land transfers between governments, international payments, and migrant remittances. The other options refer to specific components of this overall record.
More Macroeconomic Issues and Analysis MCQs
Practice related questions from the same subject.
- 1.Which of the following is NOT considered an advantage of the single market?
- 2.Within the European Exchange Rate Mechanism (ERM), each member country maintained a fixed exchange rate, and together the group ________ in relation to other countries worldwide?
- 3.In a country with a floating exchange rate system, what is the likely effect on its currency if its inflation rate exceeds that of its trading partners?
- 4.In a floating exchange rate system, how do expectations of rising interest rates typically affect the currency's exchange rate?
- 5.How does a fixed exchange rate combined with full capital mobility affect the effectiveness of monetary policy?