If this year's current account balance is–100 billiondollarsand the capital account balance is150 billiondollarsthen the amount of official reserves wil
Question
Solution 1
The Balance of Payments (BoP) of a country is determined by the sum of the current account balance, the capital account balance, and the changes in official reserves. The formula is:
BoP = Current Account + Capital Account + Changes in Official Reserves
In this case, the current account balance is Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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