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Question

The Balance of Payments of a country is a systematic record of

A all import and export transactions of a country during a given period of time, normally a year Correct Answer Incorrect Answer
B goods exported from a country during a year Correct Answer Incorrect Answer
C economic transaction between the government of one country to another Correct Answer Incorrect Answer
D capital movements from one country to another Correct Answer Incorrect Answer
E None of the above Correct Answer Incorrect Answer

Solution

The Balance of Payments is a record of all transactions conducted between a country and the rest of the world. It keeps a systematic record of all imports and exports of goods/services/capital and other factors and transfer payments generally during the span of a year.

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