4. The Global Economy

Components Of The Balance Of Payments — Quiz

Test your understanding of components of the balance of payments with 5 practice questions.

Read the lesson first

Practice Questions

Question 1

What does the current account of the balance of payments mainly record?

Question 2

Which item is most likely to appear in the capital and financial account?

Question 3

What is the main purpose of the balance of payments?

Question 4

Which of the following is an example of a current transfer?

Question 5

If a country has a current account deficit, what does this usually mean?