The record of a country's transactions in goods, services, and assets with the rest of the world is its

Question

Quizplus · Accepted Answer

The balance of payments (BOP) is the record of all international transactions made by a country's residents. It includes the current account (which includes exports and imports of goods and services, as well as income transfers), the capital account (which includes capital transfers and purchases and sales of non-financial assets), and the financial account (which includes purchases and sales of financial assets such as stocks and bonds). The balance of trade only includes the value of a country's exports and imports of goods, and the current account is only one component of the BOP.

The Record of a Country's Transactions in Goods, Services, and Assets