The balance of payments always balances, so the sum of the surplus accounts and sum of deficit accounts must always be equal.

Question

Quizplus · Accepted Answer

The balance of payments is a record of all transactions between a country and the rest of the world, including imports and exports, financial transactions, and transfers of money. The balance of payments is designed to always balance, meaning that the sum of the credits (positive entries) must be equal to the sum of debits (negative entries). Therefore, the answer is true, and option A is correct.

The Balance of Payments Always Balances, So the Sum of the Surplus