A summary of a country's economic transactions with foreign residents and governments is called the

Question

Quizplus · Accepted Answer

The summary of a country's economic transactions with foreign residents and governments is called the balance of payments, which includes both the current account balance (trade in goods and services) and the capital account balance (financial flows such as investments and loans). The balance of trade (choice C) only refers to the trade in goods and services, while the capital account balance (choice B) only refers to financial flows. Therefore, the best choice is D, balance of payments.

A Summary of a Country's Economic Transactions with Foreign Residents