The Balance of Payments Accounts (Grade 12 NSC Matric Economics): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What does the balance of payments (BoP) record?
What does the balance of payments (BoP) record?
All financial transactions with other nations
When does a BoP surplus occur?
When does a BoP surplus occur?
When inflows exceed outflows
How many main accounts make up the balance of payments system?
How many main accounts make up the balance of payments system?
Four accounts
How many main categories does the current account consist of?
How many main categories does the current account consist of?
Five categories
Which is a component of the capital transfer account?
Which is a component of the capital transfer account?
Debt forgiveness
What ownership percentage typically defines foreign direct investment (FDI)?
What ownership percentage typically defines foreign direct investment (FDI)?
10% or more
What is portfolio investment often called due to its rapid movement?
What is portfolio investment often called due to its rapid movement?
Hot money
What does the reserve account record?
What does the reserve account record?
Changes in official reserves
Which current account category includes tourism and banking services?
Which current account category includes tourism and banking services?
Services
What are the three types of investment recorded in the financial account?
What are the three types of investment recorded in the financial account?
Direct, portfolio, and other investment