The three major parts of the balance of payments are:
a. Current account, capital account, and statistical discrepancy account.
b. Current account, capital account, and financial account.
c. Balance of trade, financial account, and reserves account.
d. Balance on goods and services, reserves account, and statistical discrepancy account.
e. Current account, capital account, and balance on goods and services.
.B
You might also like to view...
Total cost of production refers to the:
A) sum of variable costs and fixed costs. B) product of variable costs and fixed costs. C) difference between variable costs and fixed costs. D) ratio of variable costs to fixed costs.
Which of the following is not a component of investment spending?
A) spending by firms on equipment B) the purchase of 1000 shares of corporate stock C) residential construction D) changes in inventories