3. Giving reasons, state whether the following statements are True or False. Give the reasoning regardless of True/ False a. When Balance of payment is Positive, Official Reserve increases. b. Excess of foreign exchange receipts over foreign exchange payments on account of accommodating transactions equals deficit in the Balance of Payments. C Export and import of machines are recorded in capital account of Balance of Payments account. d. External assistance is recorded in Current Account of Balance of Payments account