Multiple choice

The balance of payment account is conventionally divided into

  1. Current Account and Capital Account

  2. Visible Account and Invisible Account

  3. Long-term Capital Account and Short-term Capital Account

  4. None of the above

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A Correct answer
Explanation

The balance of payments account is conventionally categorized into the Current Account, which tracks trade in goods and services, and the Capital Account, which tracks financial investments.