Which of the Following Is True Regarding the Balance-Of-Payments Records

question 28

Multiple Choice

Which of the following is true regarding the balance-of-payments records?

• A) The balance-of-payments accounts do not consider income brought in by non-resident citizens of a country.
• B) The fact that assets and liabilities balance does not essentially mean that a nation is in a particularly good financial condition.
• C) A balance of payments is not a record of condition.
• D) A balance of payments is a determinant of condition.
• E) A balance of payments records all the financial transactions of a country since 1980.

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