The balance of payments is the summary of a country's financial transactions with another country. Which of the following would you expect to see in such a summary?
A) political trade trip expenses
B) unemployment payments
C) military expenditures
D) advertising spending

Question

Quizplus · Accepted Answer

Military expenditures are part of government spending on foreign transactions and can be included in the balance of payments as they affect the financial transactions between countries.

The Balance of Payments Is the Summary of a Country's