Question

when the u.s. gives foreign aid to developing nations in africa, which of the following balance of payments account is affected?

Answer 1

'When the U.S. gives foreign aid to developing nations in Africa,  the balance of payments current account is affected .

In economics, a country's current account balance records the value of imports and exports of goods and services, and the international transfer of capital. It is one of the two components of the balance of payments, the other being the capital account.

Checking accounts are opened by business people who have many regular transactions with the bank. This includes deposits, withdrawals and counter transactions. Also known as an overnight savings account. A checking account can be opened at a cooperative bank or a commercial bank.

A checking account, also known as a financial account, is a type of savings account held by an individual who makes a significant number of transactions with the bank on a regular basis. This will be made by the bank at the request of the applicant and will be available for frequent or immediate access.

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