Canadian Securities Course (CSC) Level 1 Practice Exam

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What are the components of the balance of payments?

  1. Government expenditures, pension funds, and foreign aid

  2. Consumer spending, business investments, and export revenues

  3. Current account, capital account, and financial account

  4. Stock market transactions, mergers and acquisitions, and IPOs

The correct answer is: Current account, capital account, and financial account

The correct answer is C. The components of the balance of payments include the current account, the capital account, and the financial account. Option A is incorrect as it lists components that are not traditionally part of the balance of payments, such as government expenditures, pension funds, and foreign aid. Option B is incorrect as it mentions consumer spending, business investments, and export revenues, which are related to economic activities but are not specific components of the balance of payments. Option D is incorrect as it includes stock market transactions, mergers and acquisitions, and IPOs, which are financial transactions but do not encompass all the components of the balance of payments.

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