1.

Which statement is correct regarding Current account? I. Those transactions arising out of exports and imports (the visible items) II. It is a statistical statement of all transactions made between one particular country and all other countries during a specified period of time III. This account is the summary of all international trade transactions of the domestic country in one year

A. I & II
B. Only I
C. II & III
D. Only III
Answer» E.


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