Choose the correct statement from given below.
A. Balance of trade records the exports and imports of invisible items.
B. A surplus in BoT can rectify the deficit in BoP.
C. Accommodating items are only recorded in capital account of BoP.
D. Import of machinery will be recorded in capital account of BoP.
Answer:C
Choose the correct statement from given below.
A. Balance of trade records the exports and imports of invisible items. B. A surplus in BoT can rectify the deficit in BoP. C. Accommodating items are only recorded in capital account of BoP. D. Import of machinery will be recorded in capital account of BoP.