Q15. Current account                                      Official reserve account

A)measures the exchange of merchandise goods,

the exchange of services, the exchange of

investment income, and unilateral transfers.                       consists of all metal commodities like gold and silver.

B)measures the exchange of merchandise goods,

the exchange of services, the exchange of i

nvestment income, and unilateral transfers.                        funds held at the International Monetary                                                                                     Fund (IMF) in the form of gold, other                                                                                     foreign currencies, and special drawing rights.

C)measures the flow of funds for debt and

equity investment into and out of the country.            funds held at the International Monetary

                                                     Fund (IMF) in the form of gold, other                                                                                        foreign currencies, and special drawing rights.

答案和详解如下：

Q15. Current account                                      Official reserve account

A)measures the exchange of merchandise goods,

the exchange of services, the exchange of

investment income, and unilateral transfers.                       consists of all metal commodities like gold and silver.

B)measures the exchange of merchandise goods,

the exchange of services, the exchange of i

nvestment income, and unilateral transfers.                        funds held at the International Monetary                                                                                     Fund (IMF) in the form of gold, other                                                                                     foreign currencies, and special drawing rights.

C)measures the flow of funds for debt and

equity investment into and out of the country.            funds held at the International Monetary

                                                     Fund (IMF) in the form of gold, other                                                                                        foreign currencies, and special drawing rights.

Correct answer is B)

The Balance of Payments (BOP) equation is comprised of three parts:

The Current Account measures the exchange of merchandise goods, the exchange of services, the exchange of investment income, and unilateral transfers.

§   The Capital Account measures the flow of funds for debt and equity investment into and out of the country.

§   The Official Reserve Account transactions are funds held at the IMF in the form of gold, other foreign currencies, and SDRs.