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Which of the following Balance of Payment?
Official International Reserve Account
Option (2) is correct.
Explanation: Components of BoP Account are Current account, Capital account and Official international reserve account. Current account is that account of BoP, which records
exports and imports of visible and invisible items and unilateral transfers. Capital Account of BoP records capital transfer such as loans and investments between one country and the rest of the world, which causes a change in the assets or liability status of the residents of the domestic country or its government. Official international reserve account includes the foreign exchange reserves, gold reserves and Special Depository Receipts (SDRs).
By: Parvesh Mehta ProfileResourcesReport error
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