The change in Canadian official reserves is recorded in the
A)official settlements account.
B)international investment account.
C)capital and financial account.
D)consumption expenditure account.
E)current account.

Question

Quizplus · Accepted Answer

The change in Canadian official reserves, which refers to the country's foreign currency assets held by the central bank, is recorded in the official settlements account. This account tracks all transactions related to the country's international trade and investment, including exports, imports, and investment income. The official reserves are a crucial component of a country's balance of payments, which is why they are recorded in the official settlements account. The other options listed are not relevant to the recording of official reserves.

The Change in Canadian Official Reserves Is Recorded in the