The balance of payments refers to
A) the relative difference between money flowing into and out of a country.
B) the difference in value between a country's total exports and its total imports.
C) the relative difference in value between a country's total exports and its total imports.
D) the difference between money flowing into and out of a country as a result of trade and other transactions.
E) the difference in exchange rates between two countries.

Question

Quizplus · Accepted Answer

The balance of payments refers to the difference between money flowing into and out of a country as a result of trade and other transactions, including investments, remittances, and tourism. It is a comprehensive record of all economic transactions between a country's residents and the rest of the world over a given period of time.

The Balance of Payments Refers to