Question 14
Foreign TradeThe three components of a country's balance of payment are
- A.current account, capital account and monetary movement account
- B.capital account, trade account and business record
- C.sales account, profit and loss account and capital account
- D.monetary movement account, trade account and sales ledger.
Show the answer and explanation
Answer: A (current account, capital account and monetary movement account)
Explanation
The balance of payments has the current account, the capital account and the monetary movements (official financing) account.