Economics 2281 · O Level · Current account of balance of payments

Current account of balance of payments — practice question

A number of European companies hire workers from the Philippines. Those workers remit some of their earnings to family members in the Philippines. In which section of the Philippines’ balance of payments current account would these transactions be entered?

  • Aprimary income
  • Bsecondary income
  • Ctrade in goods
  • Dtrade in services

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