The net balance on the balance of payments accounts:
A) always shows a surplus.
B) always shows a deficit.
C) is always zero.
D) is either positive or negative.
E) is arrived at without considering omissions and errors in transactions.

Question

Quizplus · Accepted Answer

The net balance on the balance of payments accounts is always zero because it includes a double-entry bookkeeping system, where every transaction entered as a credit in one account is equally entered as a debit in another, ensuring the total balance equals zero.

The Net Balance on the Balance of Payments Accounts