The balance of payments for the United States is the record of transactions between the United States and
A)the United Nations.
B)the World Trading Organization.
C)its international trading partners.
D)countries that are members of the Federal Reserve System.

Question

Quizplus · Accepted Answer

The balance of payments tracks international transactions between a specific country and its international trading partners. Therefore, the correct answer is C, as it accurately describes what the balance of payments for the United States represents. A, B, and D are incorrect choices as they do not accurately describe the transactions recorded in the balance of payments.

The Balance of Payments for the United States Is the Record