What is a defining characteristic of a balance-of-payments statement?
A) It is a record of the domestic transactions between the government of a country and the private companies in that country.
B) It records all financial transactions between the residents of a country and those of the rest of the world.
C) It records the trade policies of the member nations of the WTO.
D) It is an annual record of the profitable foreign transactions made by a particular country.
E) It is a financial statement in which the credits must exceed the debits.

Question

Quizplus · Accepted Answer

The balance-of-payments statement records all financial transactions made between residents of a country and the rest of the world, capturing the economic transactions and financial flows across borders.

What Is a Defining Characteristic of a Balance-Of-Payments Statement