Question

why balance of payment account balanced?

Answer 1

A statement that summarizes an economy’s transactions with the rest of the world for a specified time period. The balance of payments, also known as balance of international payments,
1. The balance of payments classifies these transactions in two accounts – the current account and the capital account.
2.The current account includes transactions in goods, services, investment income and current transfers, while the capital account mainly includes transactions in financial instruments.