There is a new classification in which the Balance of Payment have been divided into three accounts - the Current Account, the Capital Account and?
There is a new classification in which the Balance of Payment have been divided into three accounts - the Current Account, the Capital Account and?
Solution
✅ Correct Option: 1
Under the new international classification, the BoP is divided into three accounts: the Current Account, the Capital Account and the Financial Account, with many items of the old capital account now recorded in the financial account.
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