Question : It is a flow concept as it includes all items of flow nature.
Option 1: Current account
Option 2: Capital account
Option 3: Autonomous items
Option 4: Accommodating items.
Answer (1)
25th Jan, 2024
Correct Answer:
Current account
Solution :
Current account is the flow concept as it includes all items of flow nature. It includes visible trade, invisible trade, unilateral transfers and income receipt and payment.
Hence, option A is correct.
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