O-LevelEconomicsInternational trade and globalisation2281/12 · Oct/Nov 2022 · Q281 Mark

Vietnamese companies buy insurance from companies in the US. How will this transaction be recorded in the Vietnamese balance of payments?

Atrade in goods credit

Btrade in services credit

Ctrade in services debit

Dcurrent transfers debit

✓ Correct answer

C: trade in services debit

Practise more questions on this topic

Oracle Prep sorts past-paper questions by topic, so you can drill International trade and globalisation and see which topics are most likely to come up next.

About this question

Topic: International trade and globalisation, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, Oct/Nov 2022 Paper 1 Variant 2, question 28.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content

Related Economics questions

International trade and globalisationMay/June 20151m

Russia exports wheat. In 2010, a bad harvest led the Russian government to prevent the export of wheat, to ensure eno…

International trade and globalisationMay/June 20151m

What is an advantage of international specialisation?

International trade and globalisationMay/June 20151m

Skin creams preventing sunburn made in the European Union (EU) are more effective than those made in the United State…

Microeconomic decision makersMay/June 20131m

Which of the following is an internal diseconomy of scale?

Microeconomic decision makersMay/June 20131m

Cocoa and sugar are used in a factory to produce chocolate. What is a fixed cost in the production of chocolate?

Microeconomic decision makersMay/June 20131m

The multinational Indian Tata Group, which has companies in chemicals, consumer goods, engineering and communications…

← Browse all past-paper questions