The balance of payments consists of the a. capital account, official reserve transactions account, and recent account. b. current account, official reserve transactions account, and monetary account. c. current account, capital account, and official reserve transactions account. d. current account, capital account, and gold flows.

The balance of payments consists of the
a. capital account, official reserve transactions account, and recent account.
b. current account, official reserve transactions account, and monetary account.
c. current account, capital account, and official reserve transactions account.
d. current account, capital account, and gold flows.

 

answer:
The correct answer is C. The balance of payments includes the capital account which shows foreign capital inflows and outflows. It includes the current account which is the net of exports and imports and also the the accummulation of reserves. The correct answer is thus C.

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