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Question : The Balance of Payment Account of an economy is related to the ____________.

Option 1: agriculture sector

Option 2: external sector

Option 3: government sector

Option 4: private sector


Team Careers360 10th Jan, 2024
Answer (1)
Team Careers360 19th Jan, 2024

Correct Answer: external sector


Solution : The correct answer is the external sector .

An economy's balance of payments account and the external sector are connected. The three components of the balance of payments are the capital, the finance, and the current account. Due to the American economy's reliance on consumption and low prices, there is a significant balance of payments deficit.

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