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Which of the following is a not correct statement about balance of payments? a. BoP consists...

Which of the following is a not correct statement about balance of payments?

a. BoP consists of current account, capital account, and statistical adjustment.

b. Current account consists largely of Trade balance, and non-trade balance (factor income & cash transfers).

c. Trade balance refers to the record of inflow and outflow of funds (payments) arising from international trade.

d. Capital account refers to the record of inflow and outflow of funds (payments) arising from international capital movement (investment).

e. BOP represents whether the government budget is balanced or not.

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