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Reading 19: Foreign Exchange Parity Relations - LOS a ~ Q

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.

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 b

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b

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