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Which concept represents our inability to record all international transactions accurately in the Balance of Payments?
  • a)
    Errors and Omissions
  • b)
    Autonomy Transactions
  • c)
    Accommodating Transactions
  • d)
    Balance of Trade
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Which concept represents our inability to record all international tra...
Errors and Omissions is a balancing item in the Balance of Payments that reflects our inability to record all international transactions accurately.
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Which concept represents our inability to record all international transactions accurately in the Balance of Payments?a)Errors and Omissionsb)Autonomy Transactionsc)Accommodating Transactionsd)Balance of TradeCorrect answer is option 'A'. Can you explain this answer?
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