PRC-3 · Chapter 20 · Question 21 of 30
A Pakistani engineer working in Saudi Arabia sends a portion of his monthly salary back to his family in Lahore. In Pakistan's Balance of Payments, this inflow is recorded in the Current Account as a:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) Current Transfer / Remittance
Explanation
Workers' remittances are recorded as current transfers (secondary income) within the Current Account, as they are one-way flows of money without physical goods exchanged.
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