Canada's balance of payments accounts are the
A)official settlements account, current account, and net interest account.
B)current account, capital and financial account, and official settlements account.
C)current account, capital and financial account, and net interest account.
D)capital and financial account, current account, and merchandise trade account.
E)capital and financial account, official settlements account, and merchandise trade account.

Question

Quizplus · Accepted Answer

Canada's balance of payments accounts are divided into three main categories: the current account, the capital and financial account, and the official settlements account. The current account includes trade in goods and services, while the capital and financial account covers international financial flows. The official settlements account reflects changes in official reserve assets and other government accounts. Within the capital and financial account, there is a subcategory for net interest, along with other components like foreign direct investment and portfolio investment. Therefore, option B is the best choice as it includes all three main categories of Canada's balance of payments accounts.

Canada's Balance of Payments Accounts Are the