Which one of the following is a balance of payments account?
A)foreign exchange account
B)trade account
C)tax account
D)saving account
E)capital and financial account

Question

Quizplus · Accepted Answer

The balance of payments account is composed of three main components: the current account, the capital account, and the financial account. The capital and financial account includes flows of investment, both inward and outward, as well as transfers of financial assets between residents and non-residents. This includes foreign direct investment, portfolio investment, and other investments. The other choices listed (foreign exchange account, trade account, tax account, and saving account) are not components of the balance of payments account.

Which One of the Following Is a Balance of Payments