Answer to Question #304154 in Finance for Riii

Question #304154

What is a component of a country's balance of

payments account?


1
Expert's answer
2022-03-01T14:50:58-0500

There are three components of a country's balance of payment that includes current account, capital account, and financial account.

The total of the current account is supposed to balance with the total of capital and financial accounts in perfect situations.


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