CUET Preparation Today
Which of the following transactions are recorded in the BoP accounts of the country? |
All the internal + overseas transaction of domestic country All the internal transaction by the residents of the country All the overseas transaction of a country All the overseas transactions of the world |
All the overseas transaction of a country |
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. |
