Read the following statements carefully and choose the correct alternative: Statement 1: Balance of Payment is an accounting statement which records all the economic transactions that take place between the residents of a country during a given period of time, Statement 2: Current account of Balance of Payment records all the transactions that relate to assets or liabilities. Alternatives : (a) Both the statements are true. (b) Both the statements are false. (c) Statement 1 is true, but statement 2 is false, (d) Statement 2 is true, but statement 1 is false.
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Answer:
d is the correct option
Explanation:
1 is false 2 is true
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