Which of the following statements is MOST accurate? Question 32 options: A country is said to be in balance of payments equilibrium when the sum of its current and capital accounts, less the nonreserve component of net financial flows abroad, equals zero, so that the current plus capital account balance is financed entirely by private international lending without official reserve movements. Under the gold standard, policy makers viewed external balance not in terms of a current account target but as a situation in which the central bank was neither gaining gold from abroad nor losing gold to foreigners at too rapid a rate. Because international reserves took the form of gold during 1870-1914, the surplus or deficit in the balance of payments had to be financed by gold shipments between central banks A and B above are correct statements. All of the above statements are correct