Question sometimes official government reserves are singled, Ask an Expert

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Question: Sometimes, official government reserves are singled out in the balance of payments accounts. For example, when China buys U.S. financial assets (currency and Treasury securities), this purchase is classified as "Official Government Reserves." On which side of the balance of payments should such purchases be reflected-the current account or the capital account? Explain your logic.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92290386

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