Question

Which among the following is not an account under balance of payment bop

Answer 1

Answer:

The balance of payment divided the transactions into two accounts :- the current account and capital account . Sometime the capital account is called as financial account, with the separate, usually very small, capital account listed separately. The current account include transaction in goods, services, investment, income and current transfer. The capital account broadly defined includes transaction in financial instruments and central bank reserves. The current account is included in calculation of national output while capital account is not.