[amp_mcq option1=”All import and transactions of a during a given period normally a year” option2=”Goods exported from a country during a year” option3=”Economic transaction between the government of one country to another” option4=”Capital movements from one country to another” correct=”option1″]<\/p>\n
The correct answer is: A. All import and transactions of a country during a given period normally a year.<\/p>\n
A country’s balance of payments is a systematic record of all economic transactions between residents of that country and residents of the rest of the world during a specific period of time, usually a year. It is a summary of all the international transactions of a country during a given period of time, usually a year. It includes all payments and receipts between residents of the country and residents of the rest of the world.<\/p>\n
The balance of payments is divided into two main accounts: the current account and the capital account. The current account records all transactions that involve the exchange of goods and services, as well as income and current transfers. The capital account records all transactions that involve the exchange of financial assets, such as stocks, bonds, and real estate.<\/p>\n
The balance of payments is important because it provides information about a country’s international economic position. It can be used to track a country’s trade balance, its net foreign investment position, and its international reserves. The balance of payments can also be used to identify potential economic problems, such as a large trade deficit or a decline in foreign investment.<\/p>\n
Option B is incorrect because it only refers to goods exported from a country. The balance of payments includes all economic transactions, not just goods exports.<\/p>\n
Option C is incorrect because it only refers to economic transactions between the government of one country to another. The balance of payments includes all economic transactions, not just government transactions.<\/p>\n
Option D is incorrect because it only refers to capital movements from one country to another. The balance of payments includes all economic transactions, not just capital movements.<\/p>\n","protected":false},"excerpt":{"rendered":"
[amp_mcq option1=”All import and transactions of a during a given period normally a year” option2=”Goods exported from a country during a year” option3=”Economic transaction between the government of one country to another” option4=”Capital movements from one country to another” correct=”option1″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[702],"tags":[],"class_list":["post-33877","post","type-post","status-publish","format-standard","hentry","category-business-environment-and-international-business","no-featured-image-padding"],"yoast_head":"\n