
Current Account Concepts and Trade
Interactive Video
•
Business
•
11th - 12th Grade
•
Hard

Patricia Brown
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a major macroeconomic objective related to trade?
To have a massive trade surplus
To have a massive trade deficit
To maintain balanced trade
To focus solely on financial accounts
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which account within the balance of payments is primarily used to measure trade?
Capital account
Financial account
Current account
Savings account
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the two main components of the current account related to trade?
Income and transfers
Capital and financial transactions
Government spending and taxation
Trade in goods and services
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the income part of the current account measure?
Exports and imports of goods
Flows of income entering and leaving the country
Government spending on infrastructure
Exports and imports of services
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a transfer in the current account?
Receiving foreign investment
Exporting cars
Paying EU fees
Importing oil
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary focus when measuring the current account?
The size of the financial account
The volume of goods traded
The value of money flows
The number of transactions
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is a current account deficit determined?
When exports exceed imports
When imports exceed exports
When government spending is high
When income flows are balanced
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