Question

The Balance of Payments is an annual accounting statement of a nation's:

• A. Exports and Imports
• B. Balance due on Imports and Exports
• C. Holdings of Gold and Foreign Currencies
• D. International Trade and Financial Transactions

Hint:

The Balance of Payments helps in understanding a country's economic relations with other countries.

Answer 1

The Correct Option is D

The Balance of Payments records all economic transactions between a country's residents and the rest of the world, including trade, investments, and financial transfers.