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CIPS Exam A6 Topic 1 Question 45 Discussion

Actual exam question for CIPS's A6 exam
Question #: 45
Topic #: 1
[All A6 Questions]

A 'balance of payments' is the record of which of the following during a year? (2 marks)

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Suggested Answer: A

by Erick at Feb 13, 2024, 07:35 AM

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Nan
1 months ago
I wonder if the balance of payments includes the secret government slush fund? Just kidding, of course it doesn't. That would be way too easy to track. Option A is the way to go.
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Caprice
1 months ago
You know, the name 'balance of payments' is kind of misleading. It's not just about payments, but the whole flow of goods, services, and capital in and out of a country. Option A is the best fit, even if it doesn't fully capture the concept.
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Chauncey
3 days ago
I agree, it's about the flow of goods, services, and money in and out of a country. Option A covers that.
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Rasheeda
4 days ago
Yeah, the balance of payments is more than just payments. It's about the overall economic activity of a country.
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France
6 days ago
I think option A is the correct answer. It includes both import and export transactions.
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Lelia
1 months ago
Haha, I bet the government wishes option C or D were the right answer. Then they could just track all their payments or tax revenue and call it a day. But alas, the balance of payments is more complex than that.
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Ranee
24 days ago
C: Yeah, it's a way to track the economic transactions between a country and the rest of the world.
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Lettie
25 days ago
B: So it's not just about government payments or tax revenue.
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Franchesca
1 months ago
A: The balance of payments is actually the record of a country's monetary import and export transactions.
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Ellsworth
2 months ago
I'm not so sure about that. Isn't a balance of payments more about the overall economic transactions between a country and the rest of the world? I think option A is a bit too narrow.
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Marci
No, that's not correct. The balance of payments is about the overall economic transactions of a country, not just government payments.
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Alethea
1 days ago
C) All payments made by a government department
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Nilsa
4 days ago
That's not quite it. The balance of payments is more about the actual transactions, not just the exchange rates.
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Kassandra
9 days ago
B) Exchange rate movements
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Marvel
1 months ago
I think you're right. The balance of payments does cover a country's economic transactions with the rest of the world.
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Nadine
1 months ago
A) A country's monetary import and export transactions
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Kirk
2 months ago
A balance of payments? Easy, it's the record of a country's monetary import and export transactions. Option A is clearly the correct answer here.
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Lindsey
29 days ago
Yes, the balance of payments is crucial for understanding a country's economic situation.
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Noe
1 months ago
That makes sense. So, option A it is for the record of a country's balance of payments.
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Ronnie
1 months ago
I think exchange rate movements are important, but the main focus is on import and export transactions.
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Terina
1 months ago
I agree, option A is the correct answer. It's all about the import and export transactions.
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Shawna
1 months ago
But what about exchange rate movements? Could that be part of the balance of payments record?
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Yolande
1 months ago
Yes, the balance of payments is crucial for understanding a country's economic situation.
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Valentin
2 months ago
I agree, option A is the correct answer. It's all about the import and export transactions.
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Virgie
2 months ago
I agree, option A is the correct answer. It's all about import and export transactions.
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Jolene
2 months ago
I'm not sure, but I think it's between A and C. Maybe C because it involves government payments.
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Karol
2 months ago
I agree with Yan, it makes sense that it's about import and export transactions.
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Yan
3 months ago
I think the answer is A.
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