Arrange the structure of balance of payments accounts in which these items appear : a. Capital account…
In a Balance of Payments (BoP) statement, accounts are arranged starting with the Current account (c: visible and invisible trade and current transfers), followed by the…
Choose your answer
Arrange the structure of balance of payments accounts in which these items appear : a. Capital account b. Errors and omissions c. Current account d. Official settlements account
Answer and explanation
Correct answer B
In a Balance of Payments (BoP) statement, accounts are arranged starting with the Current account (c: visible and invisible trade and current transfers), followed by the Capital account (a: capital and financial flows), and then the balancing items—the Official settlements account (d) and Errors and omissions (b). Among the offered options, (c, a, d, b) is the only sequence that places the Current account (c) first and the Capital account (a) second.
Practice for these exams
-
Tamil Nadu SET (TNSET)
-
UGC NET Economics