A country's ________ is a national accounting system that records all monetary transactions to entities in other countries and all receipts coming into the nation.
A)balance of payments
B)chart of accounts
C)global financial system
D)international monetary system

Question

Quizplus · Accepted Answer

The balance of payments is a system that records all monetary transactions between a country and entities in other countries. It includes all transactions for goods, services, investments, and foreign aid, as well as any income received from foreign investments or exports. The balance of payments is an important indicator of a country's economic health, as it shows whether a country is spending more money than it is receiving and whether it is relying on foreign investment or aid to maintain its economy.

A Country's ________ Is a National Accounting System That Records