The balance of payments is most like a(an)
A) cash flow statement.
B) balance sheet.
C) income statement.
D) proxy statement.

Question

Quizplus · Accepted Answer

The balance of payments is a record of all financial transactions made between entities in one country and the rest of the world over a specific time period. Similarly, a cash flow statement records all cash inflows and outflows of an entity over a specific time period. Both the balance of payments and cash flow statement provide information about financial flows and are used to assess an entity's financial health.

The Balance of Payments Is Most Like A(an)