Balance of payments
A)is defined as the statistical record of a country's international transactions over a certain period of time presented in the form of a double-entry bookkeeping.
B)provides detailed information concerning the demand and supply of a country's currency.
C)can be used to evaluate the performance of a country in international economic competition.
D)all of the above

Question

Quizplus · Accepted Answer

A) The balance of payments measures all international transactions of a country over a certain period of time and uses a double-entry bookkeeping system to ensure accuracy.
B) The balance of payments provides information on the demand and supply of a country's currency, indicating its strength or weakness in the international market.
C) By evaluating the balance of payments, we can assess a country's economic competitiveness in the global market.

Therefore, all options (A, B, and C) are correct, making D the best choice.

Balance of Payments