Economics 9708 · AS & A Level · 6.3

6.3 — practice question

A business takes out borrowing from a bank overseas in order to pay a lower interest rate than it could obtain from banks in its own country. Which two sections of the balance of payments accounts are affected by this transaction?

  • Acapital account and currency reserves
  • Bcapital account and trade in services
  • Cfinancial account and net income flows
  • Dfinancial account and net current transfers

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