Economics · Balance of Payments
Consider the following statements regarding the Balance of Payments (BoP) framework: 1. An accounting current account deficit must always be financed/matched by a capital account surplus (including reserves). 2. Persistent current account deficits can lead to a significant accumulation of external debt. 3. Changes in official foreign exchange reserves are recorded as part of the capital/financial account. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11 and 2 only✓
- 21, 2 and 3
- 32 and 3 only
- 41 only
Correct answer
1 and 2 only
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