Question : Which of the following statement is correct?
- Charity from abroad will be recorded on credit side of the balance of payment.
- Accommodating transactions are determined By the gap in the balance of payments.
Option 1: Both are true
Option 2: Both are false
Option 3: Statement 1 is true and statement 2 is false.
Option 4: Statement 2 is true and statement 1 is false.
Answer (1)
15th Jan, 2024
Correct Answer:
Both are true
Solution :
Charity from abroad will be recorded on credit side of the balance of payment.
Accommodating transactions are determined By the gap in the balance of payments.
Hence option A is correct .
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