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- Subject
- The Balance of Paymentseconomics-mcqs › the-balance-of-payments
- Published
- 27 May 2019
- Last updated
- 28 May 2026
Which of the following is NOT considered a credit entry in the balance of payments?
Multiple choice question for The Balance of Payments. Select an option, then review the explanation below.
Explanation
Credit items in the balance of payments include capital inflows, export of goods, and payments received for services rendered to foreigners. However, private transfers sent to foreign residents are debit items, not credits.
More The Balance of Payments MCQs
Practice related questions from the same subject.
- 1.Which of the following statements about the balance of payments is accurate?
- 2.What term describes the difference between a nation's exports and imports of goods?
- 3.What is required to reconcile discrepancies in the balance of payments accounts?
- 4.What does the balance of trade specifically measure?
- 5.Which economic pattern is commonly observed in countries during the initial phases of rapid economic growth?