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)

AA country's monetary import and export transactions

BExchange rate movements

CAll payments made by a government department

DAll revenue from taxes received by a government

Show Suggested Answer

Suggested Answer: A

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

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Ellsworth

8 days 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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Kirk

16 days 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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Virgie

3 days ago

I agree, option A is the correct answer. It's all about import and export transactions.

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Jolene

18 days 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

19 days ago

I agree with Yan, it makes sense that it's about import and export transactions.

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Yan

25 days ago

I think the answer is A.

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