Which one of the following is not a type of “Balance of Payments” ?
The commodity account is not one of the broad current-account and capital-account categories used in the traditional presentation of the balance of payments. Merchandise…
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Which one of the following is not a type of “Balance of Payments” ?
Answer and explanation
Correct answer B
The commodity account is not one of the broad current-account and capital-account categories used in the traditional presentation of the balance of payments. Merchandise trade is recorded within the current account.
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Karnataka SET (KSET)