Which of the Following Is NOT Part of the Balance

question 60

Multiple Choice

Which of the following is NOT part of the balance of payments account?

• A) the current account
• B) the financial/capital account
• C) the official reserves account
• D) All of the above are BOP accounts.

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Definitions:

Novation

The act of replacing one obligation with another, essentially altering the parties, terms, or obligations of a contract.

Quilt

A multi-layered textile traditionally composed of a woven cloth top, a layer of batting or wadding, and a woven back, usually stitched together.

Sew

The process of joining or attaching materials together primarily using a needle and thread by hand or with a sewing machine.

Objective

A specific goal or target that is defined and measurable.