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  1. Which one of the following factors is taken into account to calculate the Balance of Payments (BOP) of a country ?
    1. Current Account
    2. Changes in the Foreign Exchange Reserves
    3. Errors and Omissions
    4. All of the above
Correct Option: D

The balance of payments (BOP) is the method countries use to monitor all international monetary transaction at a specific period of time. Current account, change in the foreign exchange reserves and errors and omissions are the factors that are taken into account to calculate the balance of payment (BOP) of a country.


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