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A Balance-Of-Payments Statement Includes Three Accounts

question 76

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A balance-of-payments statement includes three accounts.Two of those accounts are the current account and the capital account.What is the third account found on the balance-of-payments statement?


Definitions:

Working Capital

The difference between a company's current assets and current liabilities, indicating the short-term financial health and efficiency in managing its operational needs.

Capital Commitment

The amount of capital a company is obligated to spend over a period, typically for investment in long-term assets or projects.

Operating Activities

Business activities directly related to the production and delivery of goods and services, which generate revenue for a company.

Inventory Policies

Guidelines or strategies used by a company to maintain optimal inventory levels and manage its inventory costs.

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