A country's balance of payments is best described as a system that records:
A)the physical flow of goods and services between countries.
B)international trading, borrowing and lending flows.
C)only official transactions between the government and governments of other countries.
D)the flow of investment between countries.

Question

Quizplus · Accepted Answer

A country's balance of payments records all international trading, borrowing, and lending flows, including those involving goods and services, investment, and official transactions between governments.

A Country's Balance of Payments Is Best Described as a System