WAEC Economics 2011 Objective — Question 45
Question 45 of 50 from the West African Examinations Council (WAEC) Economics 2011 Objective paper, with the correct answer and a full explanation.
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Which of the following groups of accounts makes up the balance of payments?
- A. A. The current account, multiple account and capital account
- B. B. Monetary movement account, company account and international account
- C. C. Cash account, double entry account and current account
- D. D. Capital account, current account and monetary movement accountCorrect
Explanation
The three accounts that make up the Balance of payments are current, capital and the monetary movement account.
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