The Balance of Payments Is

question 3

Multiple Choice

The balance of payments is:

• A)the difference between the dollar value of exports and the dollar value of imports.
• B)the same as the merchandise account.
• C)a summary statement of all international transactions of one country with the rest of the world.
• D)a summary statement of the foreign assets held by U.S.citizens.
• E)a record of the amount of U.S.dollars held abroad.

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