Which among the following is not an account under Balance of Payment?
Official Reserves Account
The Balance of Payments is conventionally divided into the Current Account (goods, services, income, current transfers including unilateral payments) and the Capital Account (capital transfers and financial flows, including official reserves).
The Official Reserves Account is not a separate standalone account of the BoP — changes in official reserves are recorded within the Capital/Financial Account as a balancing item that finances the overall surplus or deficit. Hence it is the option that is not an account under BoP.
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