A country's balance of payments accounts record
A) the country's net indebtedness to foreigners.
B) its international trading, borrowing, and lending.
C) the flow of human and nonhuman resources between it and its trading partners.
D) only its official transactions with other governments.

Question

Quizplus · Accepted Answer

The balance of payments accounts of a country record all its international transactions, which includes trading of goods and services, borrowing, and lending with other countries. This encompasses a wide range of economic activities, not just indebtedness, resource flows, or government transactions.

A Country's Balance of Payments Accounts Record