Under the Balance of Payments structure of a nation, the two main categories of accounts for the classification of the transactions are___ and ___. (Fill up the blank with correct alternative)
i. current account
ii. unilateral transfer account
iii. capital account
iv. loan account
Identify the correct alternatives from the following:
Alternatives:
a) i and ii
b) i and iii
c) iii and iv
d) iv and i
i. current account
ii. unilateral transfer account
iii. capital account
iv. loan account
Identify the correct alternatives from the following:
Alternatives:
a) i and ii
b) i and iii
c) iii and iv
d) iv and i
Answers & Comments
Verified answer
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The correct alternatives for the two main categories of accounts for the classification of transactions in a nation's Balance of Payments structure are:
i. current account
iii. capital account
So, the correct answer is:
b) i and iii
Answer:
The correct alternatives for the two main categories of accounts for the classification of transactions in a nation's Balance of Payments structure are:
i. current account
iii. capital account
So, the correct answer is:
b) i and iii
Explanation: