1. Balance of Trade
2. Foreign Direct Investments
3. Foreign Indirect Investments
4. Foreign Aid
5. Foreign Tourist Expenditures
6. Domestic Tourism Expenditures
Choose the correct option from the codes given below:
Answer: Only 1, 2, 3, 4 & 5
Notes: The balance of payments (BOP) records all economic transactions between residents of a country and the rest of the world over a specific period. It includes: 1. Balance of Trade: The difference between exports and imports of goods and services. 2. Foreign Direct Investments (FDI): Investments made by a company or individual in one country in business interests in another country. 3. Foreign Indirect Investments: Investments in financial assets in another country, such as stocks and bonds. 4. Foreign Aid: Financial assistance given by one country to another. 5. Foreign Tourist Expenditures: Money spent by foreign tourists in the host country. Domestic Tourism Expenditures are not included in the BOP as they pertain to internal transactions. Thus, the correct answer is "Only 2, 3, 4 & 5."
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