Canadian Securities Course (CSC) Level 1 Practice Exam

The correct answer is C. The components of the balance of payments include the current account, the capital account, and the financial account. Option A is incorrect as it lists components that are not traditionally part of the balance of payments, such as government expenditures, pension funds, and foreign aid. Option B is incorrect as it mentions consumer spending, business investments, and export revenues, which are related to economic activities but are not specific components of the balance of payments. Option D is incorrect as it includes stock market transactions, mergers and acquisitions, and IPOs, which are financial transactions but do not encompass all the components of the balance of payments.