The __________________ of a nation summarizes all the transactions that have taken place between its residents and the residents of other countries over a specified
Time period (usually a month, quarter or a year).
A) target exchange rate
B) portfolio acquisition
C) balance of payments
D) debt accumulation
E) exchange inflation

Question

Quizplus · Accepted Answer

The balance of payments is a record of a country's economic transactions with the rest of the world over a specific time period. It includes both the current account (exports, imports, and investment income) and financial account (capital flows, foreign investment, and reserve assets). It is used to measure a country's economic performance and financial strength. A, B, D, and E are not related to a country's balance of payments.

The __________________ of a Nation Summarizes All the Transactions That