Q: 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) goods 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
Correct Answer: Option (a)
- The balance of payments (BoP) record the transactions in goods, services and assets between residents of a country with the rest of the world for a specified time period typically a year. Hence, option (a) is correct.
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