Which of the following is true about the balance of payments?
A)Although there are millions of transactions each year,it is necessary to keep a detailed record of them for accurate accounting purposes
B)The balance of payments aggregates all merchandise trade into a few major categories
C)The balance of payments does not include transactions in which the residents of foreign nations are not directly involved
D)Not only are the net balances of each type of international capital flow included in the balance of payments,but a detailed breakdown of these transactions is accounted for as well

Question

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The Answer of Which of the following is true about the balance of payments?
A)Although there are millions of transactions each year,it is necessary to keep a detailed record of them for accurate accounting purposes
B)The balance of payments aggregates all merchandise trade into a few major categories
C)The balance of payments does not include transactions in which the residents of foreign nations are not directly involved
D)Not only are the net balances of each type of international capital flow included in the balance of payments,but a detailed breakdown of these transactions is accounted for as well

Which of the Following Is True About the Balance of Payments