In which BOP account sale of furniture will be recorded? *
1 point
(a) Current account
(b) Capital account
(d) None of the above
(c) Both (a) and (b)
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Answer:The components of the capital account include foreign investment and loans, banking and other forms of capital, as well as monetary movements or changes in the foreign exchange reserve. The capital account flow reflects factors such as commercial borrowings, banking, investments, loans, and capital.
Explanation:
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