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 because some transactions (illegal transactions)occur "off the books."
C)represents omitted and misreported transactions.
D)all of the options

Question

Quizplus · Accepted Answer

The statistical discrepancy in the balance-of-payments accounts arises due to a combination of factors, including the timing and location differences in recording transactions, the existence of "off the books" transactions such as illegal activities, and the presence of omitted or misreported transactions.

The Statistical Discrepancy in the Balance-Of-Payments Accounts