There are three balance of payments accounts. The sum of the balances on these three accounts will equal

Name: There are three balance of payments accounts. The sum of the balances on these three accounts will equal
Brand: Quizplus
Rating: 4.9 (53 reviews)

Question

Quizplus · Accepted Answer

The three balance of payments accounts are the current account, the capital account, and the financial account. By definition, the sum of the balances on these three accounts must equal zero, as every transaction entered as a credit in one account is entered as a debit in another.

There Are Three Balance of Payments Accounts