Which account ensures that the BOP actually balances?
A)Net errors and omissions account
B)Current account
C)Quality control account
D)Capital account
E)Official reserves account

Question

Quizplus · Accepted Answer

The net errors and omissions account is used to ensure that the BOP actually balances. It reflects the adjustments made to ensure that the sum of all transactions in the capital account and the current account equals the change in a country's official reserves. If the BOP does not balance, the difference is recorded in the net errors and omissions account to ensure that the BOP equation holds true.

Which Account Ensures That the BOP Actually Balances