The statistical discrepancy in the balance-of-payments accounts
A)arise since recordings of payments and receipts are done at different times, in different places, possibly using different methods.
B)arise since some transactions (illegal transactions?) occur "off the books".
C)represents omitted and misrecorded transactions.
D)all of the above

Question

Quizplus · Accepted Answer

All of the above reasons contribute to the statistical discrepancy in the balance-of-payments accounts. Payments and receipts are recorded at different times and in different places, and some transactions may not be properly recorded due to their illegal nature or being "off the books". The discrepancy also includes omissions and misrecorded transactions.

The Statistical Discrepancy in the Balance-Of-Payments Accounts