Question

What is the primary purpose of the Balance of Payments

Q: Answer-What is the primary purpose of the Balance of Payments (BOP)?

The Balance of Payments is a systematic record of all economic transactions between residents of a country and the rest of the world in a specific period. It includes all transactions, whether they are for goods, services, or financial assets.

(BOP)?

A To track only the nation's export transactions.

B To record the economic transactions of residents with the rest of the world.

C To measure only the physical goods entering and leaving a country.

D To calculate the gross domestic product of a nation.

E To monitor changes in the nation’s stock market.

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What is the primary purpose of the Balance of Payments

Solution