Since the balance of payments is presented as a system of double-entry bookkeeping,
A)every credit in the account is balanced by a matching debit.
B)every debit in the account is balanced by a matching credit.
C)answers a and b are both true
D)none of the above

Question

Quizplus · Accepted Answer

The balance of payments is a system of double-entry bookkeeping where every credit entry in the account is balanced by a corresponding debit entry. This is why both options A and B are true.

Since the Balance of Payments Is Presented as a System