Question

The IMF's BPM6 framework classifies the Balance of Payments into which three accounts?

Options

• Current Account, Financial Account, and Capital Account

• Current Account, Capital Account, and Trade Account

• Trade Account, Financial Account, and Reserve Account

• Current Account, Official Reserve Account, and Errors Account

Answer 1

Under the IMF's BPM6 framework, the BoP is classified into three accounts: the Current Account, the Financial Account, and the Capital Account.