Statistical discrepancy is the last item in a balance of payments statement and is necessary to make inflows and outflows balance.

Name: Statistical discrepancy is the last item in a balance of payments statement and is necessary to make inflows and outflows balance.
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Statistical discrepancy is used in a balance of payments statement to account for discrepancies between the sum of recorded inflows and outflows, ensuring that the statement balances due to errors and omissions in data collection.

Statistical Discrepancy Is the Last Item in a Balance of Payments