The balance of payments of a country is a systematic record of

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CollectorBabu · Accepted Answer

Correct Answer: all import and export transactions of a country during a given period of time, normally a year. Balance of payments of a country is the record of every economic transaction which is carried out in a year between residents of country with other countries. It can be current account, capital account and financial account, so option A is correct. Option B is incorrect as balance of payments of a country is not concern with export of goods from one country to another in a year. Option C is also correct as balance of payments of a country records every financial transactions between consumers, businesses and government of one country with others.

The balance of payments of a country is a systematic record of

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