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Question
Which of the following items will be recorded on the credit side of the balance of payments account of a country?
Options
Imports of goods
Borrowings from abroad
Unilateral transfer payments made to foreigners
Purchase of assets abroad
MCQ
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Solution
Borrowings from abroad
Explanation:
- Borrowings from abroad bring foreign currency into the country, which is considered an inflow of funds.
- Such inflows are recorded on the credit side of the balance of payments account.
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