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Which of the following transactions are not included in the current account? Exports of manufactured goods. Imports of manufactured goods. Payments of interest on foreign bonds held by a domestic resident. The purchase of foreign assets by a domestic resident. 7. (1 ) Which of the following causes demand for foreign currency to increase in foreign exchange market? domestic aggregate price level is higher than that in foreign country economic growth slows down in domestic country domestic central bank adopts an expansionary policy domestic currency is widely used in international settlement 8. (1) "High-income countries have a price level which is much higher than the low-income countries." Which of the following is most likely to explain this price differential? With the development process of a nation, its productivity in making traded goods rises much faster than that in making non-traded goods. Traded goods are much more sensitive to the income levels than are non-traded goods and services. Prices of non-traded goods and services are relatively stable across high and low-income nations. Labor involved in production of non-traded goods and services in high-income nations receive lower wages than the labor producing traded goods