Practicing Success
Balanced current Account may be present by : - |
Payments on current account > Receipts on current account Receipts on current account < Payments on current account Receipts on current account = Payments on current account Receipts on current account > Payments on current account |
Receipts on current account = Payments on current account |
The correct answer is option (3) : Receipts on current account = Payments on current account A balanced current account indicates that the value of a country's exports and income from abroad is equal to the value of its imports and payments abroad. |