Question

1. the account used to balance statistical discrepancies between the two other accounts in the balance of payments is the ______ account

capital
current
official reserves
international monetary balance

Explanation:

The balance of payments (BOP) has three main accounts: the current account (records trade in goods and services, income, and current transfers), the capital account (records capital transfers and acquisition/disposal of non - produced, non - financial assets), and the official reserves account. When there are statistical discrepancies between the current and capital accounts, the official reserves account is used to balance them. The international monetary balance is not a standard BOP account term in this context.

Answer:

official reserves