The accounting system that measures transactions between one country and all other countries is called the:

Question

Quizplus · Accepted Answer

The balance of payments system measures all transactions between one country and all other countries, including goods and services trade, investments, and transfers of capital. The balance of trade system only measures the trade of goods between one country and all other countries, while the balance of current accounts system only includes trade in goods and services. The balance of goods and services system is not a commonly used term in economics.

The Accounting System That Measures Transactions Between One Country and All