A summary of a country's economic transactions with foreign residents and governments is called the

Question

Quizplus · Accepted Answer

The balance of payments is a summary of all economic transactions between a country and foreign residents and governments, including the current account balance (which measures trade in goods and services), the financial account balance (which measures international capital flows), and other transactions such as official reserve transactions. The balance of trade (C) only measures trade in goods, while the current account balance (A) includes both trade in goods and services.

A Summary of a Country's Economic Transactions with Foreign Residents