A countryʹs balance of payments accounts records

Question

Quizplus · Accepted Answer

The balance of payments accounts records the international trading, borrowing, and lending positions of a country over a period of time, including both official and private transactions. The accounts include the current account, which records a country's trade in goods and services, as well as the capital account, which records capital flows such as foreign investment and borrowing. The balance of payments is an important tool for analyzing a country's economic relationships with the rest of the world.

A Countryʹs Balance of Payments Accounts Records