A balance-of-payments statement for a country reveals
A) how rich or poor a country is financially.
B) a record of the country's financial condition.
C) a comparison of one country's finances to another country's debt.
D) a balanced budget for the country.
E) the spending power available to the country for specific goods.

Question

Quizplus · Accepted Answer

A balance-of-payments statement provides a comprehensive record of all economic transactions between residents of a country and the rest of the world in a specific period. It reflects the country's financial condition by showing the total international commercial activities, including trade in goods and services, financial transfers, and investments.

A Balance-Of-Payments Statement for a Country Reveals