Which of the following statements about the balance of payments report is most correct?
A) The balance of payments report records all of a country's internal economic transactions.
B) Flows recorded in the current account are generally not reversible.
C) The net flow on the balance of payments report shows the effect of international transactions on the country's monetary reserves.
D) Both statements a and c are correct.
E) Both statements b and c are correct.

Question

Quizplus · Accepted Answer

The current account records transactions that are generally not reversible, such as exports and imports of goods and services. The net flow on the balance of payments report reflects the impact of international transactions on a country's monetary reserves.

Which of the Following Statements About the Balance of Payments