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The three components of a country's balance of payments are?

Commerce
JAMB 2011

The three components of a country's balance of payments are?

  • A. current account, capital account and monetary movement account
  • B. capital account, trade account and business record
  • C. sales account, profit and loss account and capital account
  • D. monetary movement account, trade account and sales ledger
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Correct Answer: Option A
Explanation

The three components of the balance of payments are the current account, financial account, and capital account.

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