Question

Which is correct about Balance of Payment (BO

  • P ? i. It shows all economic transactions between the residents of the country and the rest of the world. ii. The transactions are recorded over a definite period of time. iii. This includes transaction made by government, corporations but excludes that of by individuals iv. In case of BOP crisis Foreign Exchange Reserve will deplete.
A Only i and ii
B Only i, ii and iii
C Only i, iii and iv
D Only i, ii and iv
E All of the above
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