The ________ represents a country's national accounting system that records all payments to entities in other countries and all receipts coming into the nation.

Question

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The balance of payments is a record of all economic transactions between a country and the rest of the world over a given period of time. It is divided into three main categories: the current account, the capital account, and the financial account. The current account measures the flow of goods, services, income (such as wages and salaries), and unilateral transfers (such as foreign aid) between a country and the rest of the world. It is the most important part of the balance of payments for measuring a country's international trade and investment position.

The ________ Represents a Country's National Accounting System That Records