Which of the following group of accounts make up the bala...
Which of the following group of accounts make up the balance of payments?
The current account multiple account and capital account
Monetary movement account;company account and international account
Cash acount, double entry account and current account
Capital account, current account and monetary movement account
Correct answer is D
The balance of payments (BOP) is a statement of all transactions made between entities in one country and the rest of the world over a defined period of time. The balance of payments include both the current account and capital account and the financial account.
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