Multiple Choice
Which of the following is not true of the statistical discrepancy in the balance of payments?
A) It is residual.
B) It is a measure of net error in the balance of payments data.
C) It is necessary because some transactions go unreported.
D) An excess of credits in all other accounts must be offset by equivalent debits in the statistical discrepancy account.
E) A difference between credits and debits is taken care of by changes in the official reserve transaction account.
Correct Answer:
Verified
Correct Answer:
Verified
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