The ________ of the balance-of-payments statement is used to record increases or decreases in foreign exchange and increases or decreases in liabilities to foreign central banks.
A) current account
B) capital account
C) credit account
D) receivables account
E) reserves account

Question

Quizplus · Accepted Answer

The reserves account of the balance-of-payments statement records increases or decreases in a country's foreign exchange reserves and its liabilities to foreign central banks. This account is crucial for understanding a country's financial position in terms of its international economic transactions.

The ________ of the Balance-Of-Payments Statement Is Used to Record