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

Correct Answer:

Option A – current account, capital account and monetary movement account

Explanation

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