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The current account of the balance of payments (BoP) includes
1. foreign aid.
2. foreign institutional investments.
3. remittances.
Select the correct answer using the codes given below.
  • a)
    1 and 2 only
  • b)
    1 and 3 only
  • c)
    3 only
  • d)
    2 and 3 only
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
The current account of the balance of payments (BoP) includes1. foreig...
Foreign institutional investment (FII) are part of capital account. Remittances and foreign aid (under the heading of transfers) come under current account.
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The current account of the balance of payments (BoP) includes1. foreign aid.2. foreign institutional investments.3. remittances.Select the correct answer using the codes given below.a)1 and 2 onlyb)1 and 3 onlyc)3 onlyd)2 and 3 onlyCorrect answer is option 'B'. Can you explain this answer?
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