The balance of payments is _______ (select all that applies)
A) … a statement of a country's trade and financial transactions with the rest of the world in a given period-usually, a year.
B) … a key economic indicator
C) … a measure of economic exposure
D) … made of two components: the current account and the capital account.

Question

Quizplus · Accepted Answer

The balance of payments is a statement of a country's trade and financial transactions with the rest of the world in a given period-usually, a year. Comparative data on a country's balance of payments represent another general indicator of economic well-being, especially in relation to other countries. There are two components to a country's reported balance of payments: the current account; and the capital account.

The Balance of Payments Is _______ (Select All That Applies)