The Balance of Payments Is

question 68

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 trade transactions of one country with the rest of the world.
• D) a summary statement of all domestic exchanges of goods and services between producers and buyers.
• E) a record of the amount of U.S. dollars held abroad.

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