The balance of payments of a country is a systematic record of (a) all import and export transactions
The balance of payments of a country is a systematic record of
(a) all import and export transactions of a country during a given period of time, normally a year
(b) good exported from a country during a year
(c) economic transaction between the government of one country to another
(d) capital movements from one country to another.
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(c) The Balance of Payments(BoPs) accounts are an accounting record of all monetary transactions between country and the rest of the world. These transactions include payment for the country’s exports and imports of goods, services, financial capitals and financial transfers. The balance of payments can show if a country has a deficit or surplus.
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