Question
Economics Question on Balance of payments (BOP)
A surplus current account means
A. Receipts > Payments
B. Receipts = Payments
C. Receipts < Payments
D. Receipts > Price of commodity
E. Receipts = Total Sale
Choose the correct answer from the options given below :
A
A and D only
B
B and E only
C
A only
D
C only
Answer
A only
Explanation
Solution
The correct option is (C) :A only.