Which one of the following is a balance of payments account?
A)current account
B)borrowing account
C)official lending account
D)net interest account
E)public account

Question

Quizplus · Accepted Answer

The current account is a component of the balance of payments which includes the trade balance (exports minus imports), services balance (such as tourism or financial services), and transfer payments (such as foreign aid or remittances). The borrowing account, official lending account, net interest account, and public account are not specific components of the balance of payments.

Which One of the Following Is a Balance of Payments