The capital account of balance of payments represents

A. Balances the central bank of the country maintains with IMF

B. Balances held by commercial banks of the country with their central bank

C. Investment made by the country s resident abroad, but not vice versa

D. None of the above

Answer: Option C

Solution(By Examveda Team)

The capital account of balance of payments represents Investment made by the countries resident abroad, but not vice versa.