With respect to a balance of payments between nations calculation, transactions are recorded in three categories.These are the current account, the capital account, and the:
A)goods inventory.
B)cost of goods sold.
C)manufacturer's inventory.
D)capital goods.
E)official reserves.

Question

Quizplus · Accepted Answer

The balance of payments is divided into three main categories: the current account, the capital account, and the official reserves account. The official reserves account records transactions involving international reserves owned by the government, including foreign currencies, gold, and Special Drawing Rights (SDRs).

With Respect to a Balance of Payments Between Nations Calculation