WAEC - Economics (2010 - No. 44)
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
Explanation
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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