Question

What are the three main components of the BOP account?

a.

Trade Account, Services Account, and Capital Account

b.

Domestic Account, Foreign Account, and Trade Account

c.

Current Account, Capital Account, and Official Reserves

d.

Financial Account, Investment Account, and Savings Account

Posted under IC 89 Management Accounting

Answer: (c).Current Account, Capital Account, and Official Reserves Explanation:The BOP account has three main components: Current Account, Capital Account, and Official Reserves.

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Q. What are the three main components of the BOP account?
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