The balance of payments is the accounting of trade:

Name: The balance of payments is the accounting of trade:
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The balance of payments accounts for trade in goods and capital, which includes imports and exports of goods as well as financial flows such as investment and lending. It also accounts for income flows, such as payments for services and transfers, which can affect a country's balance of payments. The other options are not comprehensive enough to describe the balance of payments.

The Balance of Payments Is the Accounting of Trade