Because of the limited usefulness of both the basic balance and the liquidity balance accounts, these two accounts are omitted in the official BOP table.

Question

Quizplus · Accepted Answer

The basic balance and liquidity balance accounts are not typically included in the official Balance of Payments (BOP) table because they are not standard components of the BOP framework, which focuses on the current account, capital account, and financial account.

Because of the Limited Usefulness of Both the Basic Balance