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Tuesday, 10 November 2026
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The components of a balance of payments account are

The components of a balance of payments account are
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Capital, current and fixed deposit
  • B Current, capital and monetary movement
  • C Capital, savings and fixed deposit
  • D Current, savings and monetary movement
Correct Answer: Option B
Explanation:
The balance of payments account records the economic transactions between a country and other countries. The components given in the question are the current account, capital account, and monetary movement.

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