A balance of payments is a summary statement of all the transactions of the residents of a nation with the rest of the world during some period of time.

Question

Quizplus · Accepted Answer

A balance of payments includes all economic transactions between a nation's residents and the rest of the world, including trade, investment flows, and payments for goods and services. It is typically reported on an annual basis and can provide insights into a nation's trade position and economic strength.

A Balance of Payments Is a Summary Statement of All