Discussion
The balance of payment comprises
Answer: D
Correct answer: all of these
The balance of payments is a complete record of a country's transactions with the rest of the world, so it necessarily includes all three parts.
The current account covers goods, services, income and transfers; the capital and financial account covers transactions in assets and liabilities; and the official settlements or reserves account records the change in official reserve holdings that balances the whole. Taken together they must sum to zero, since every transaction is entered twice. Any option naming only one component describes a part of the accounts, not the balance of payments.
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