JAMB - Commerce (2024 - No. 42)
The components of a balance of payments account are
capital, current and fixed deposit
current, capital and monetary movement
capital, savings and fixed deposit
current, savings and monetary movement
Forklaring
The balance of payments (BOP) is a record of all economic transactions between residents of one country and residents of other countries over a specific period. It is divided into three main components, which are: Current, Capital and Monetary movement (financial) account.