Which of the following transactions are recorded in the BoP accounts of the country?
Answer & explanation
Correct answer: option 3
The correct answer is Option 3: All the overseas transaction of a country
The balance of payment account is an important aspect in macroeconomics. All the overseas transactions of the residents of the country and rest of the world during a given period of time is recorded in this account. It is basically the difference between inflow and outflow of foreign exchange on account of economic transactions.