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The accounts of the BOP

The BOP is composed of two primary subaccounts, the Current Account and the Capital/ Financial Account. In addition, the Official Reserves Account tracks government currency transactions, and a forth statistical subaccount, the Net Errors and Omissions Account, is produced to preserve the balance in the BOP. The international economic relationships between countries do, however, continue to evolve, as the recent revision of the major accounts within the BOP discussed next indicates.

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