Multiple Choice
Which of the following will be included as a unilateral transfer in the balance of payments account of a country?
A) Transportation costs involved in traveling from a foreign country to the domestic country
B) A foreign worker in the domestic country sending money to his home country
C) Compensation earned by foreign workers in the domestic country
D) Royalties paid to residents working in a foreign country
E) Income paid on foreign-owned investments in the domestic country
Correct Answer:
Verified
Correct Answer:
Verified
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