Which of the Following Is True of the Balance of Payments

question 84

Multiple Choice

Which of the following is true of the balance of payments accounts?

• A)It records only the trade in tangible assets between any two nations.
• B)It is a record of a country's merchandise trade.
• C)It records the total external debt used to finance government budget deficits.
• D)It is recorded biannually in most developed countries.
• E)It records a country's trade in goods, services, and financial assets with the rest of the world.

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Definitions:

Circulatory

Pertaining to the circulation, especially the movement of blood through the heart and blood vessels.

Congestive Heart Failure

A chronic condition where the heart doesn't pump blood as well as it should, leading to symptoms like shortness of breath, edema, and fatigue.

Leukemia

A type of cancer that affects the blood and bone marrow, characterized by the overproduction of abnormal white blood cells.

Respiratory

Pertaining to or affecting respiration or the organs involved in breathing.