The reserve account of the Balance of Payments records:
A) the stock of foreign exchange held by the public
B) changes in foreign exchange reserves held by the government
C) the stock of gold held by foreign governments
D) changes in foreign exchange reserves held by foreign governments

Question

Quizplus · Accepted Answer

The reserve account of the Balance of Payments primarily records changes in foreign exchange reserves held by the government, reflecting transactions that affect a country's official reserves.

The Reserve Account of the Balance of Payments Records