Multiple choice

The balance of payment comprises

  1. a current account of goods and services only

  2. a capital account of financial assets only

  3. official settlement accounts only

  4. all of these
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The Balance of Payments (BoP) is a comprehensive record of all economic transactions between residents of a country and the rest of the world, including the current account, capital account, and financial account.

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