The difference between the balances of the current and capital accounts of a country's balance of payments caused by errors in recording methods is called a(n)________.
A)round-off error
B)type I error
C)currency crisis
D)statistical discrepancy

Question

Quizplus · Accepted Answer

The difference between the balances of the current and capital accounts caused by errors in recording methods is known as a statistical discrepancy. This can occur due to differences in timing, valuation, or coverage of transactions recorded in the two accounts. It is often used as a measure of the accuracy and reliability of a country's balance of payments data.

The Difference Between the Balances of the Current and Capital