Economics 9708 · AS & A Level · 6.3

6.3 — practice question

A family goes on a holiday overseas. Four students are asked to show where the cost of the accommodation would be entered in the current account of the balance of payments of the country they visit. Which student is correct?

  • Atrade in goods: export/credit; trade in services: import/debit
  • Btrade in goods: export/credit; trade in services: import/debit (other arrangement)
  • Ctrade in goods: import/debit; trade in services: export/credit
  • Dtrade in goods: import/debit; trade in services: export/credit (other arrangement)

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