What is the name for the special account that is used to make sure that the two sides of the BOP really do balance?
A)Current account balance
B)Net capital inflows
C)Statistical discrepancy
D)Capital account balance

Question

Quizplus · Accepted Answer

The statistical discrepancy is the special account that is used to make sure that the two sides of the BOP really do balance.
Key Takeaway: The balance of payments sheet (BOP) is basically just the record of all economic transactions that occur between the United States and the rest of the world. When all components of the BOP are included, it must balance. The statistical discrepancy is used to make sure that the two sides of the BOP really do balance out.

What Is the Name for the Special Account That Is