With reference to Balance of Payments, which of the following constitutes/constitute the Current Account?
With reference to Balance of Payments, which of the following constitutes/constitute the Current Account?
1. Balance of trade
2. Foreign assets
3. Balance of invisibles
4. Special Drawing Rights
Select the correct answer using the code given below.
(a) 1 only (b) 2 and 3 (c) 1 and 3 (d) 1, 2 and 4
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(c) The current account consists of the balance of trade and balance of invisibles.
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