Q516
Consider the following statements and identify the right ones. 1. A double entry system of record of all economic transactions between the residents of a country and rest of the world is called balance of trade. 2. All transactions related to goods, services or income are classified as capital account.
A.
Only 1
B.
Only 2
C.
Both of the above
D.
None of the above
AnswerAnswer: Option D
Solution
Answer: Option D
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