Balance of payments always balances in an accounting sense.
True
False
Can't say
Varies between countries

Question

Balance of payments always balances in an accounting sense-TrueFalseCan-t sayVaries between countries

Toppr Admin · Accepted Answer

The balance of payment of a country must always be in equilibrium- a surplus on one account must be met with a deficit of equal magnitude on the other- Thus- the sum of the capital account and the current account must always be zero leading to a balance in the BOP in accounting sense-xA0-

Balance of payments always balances in an accounting sense.TrueFalseCan't sayVaries between countries

The balance of payment of a country must always be in equilibrium, a surplus on one account must be met with a deficit of equal magnitude on the other. Thus, the sum of the capital account and the current account must always be zero leading to a balance in the BOP in accounting sense.

Balance of payments always balances in an accounting sense.
True
False
Can't say
Varies between countries