The Balance-Of-Payments Account Is a Record Of

question 86

Multiple Choice

The balance-of-payments account is a record of:

• A) the total tangible trade flows of a country over a five-year period.
• B) a country's transactions with the rest of the world.
• C) a country's total debt service payments during a one-year period.
• D) the outstanding balance of a country's debt payments for the fiscal year.

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Definitions:

Economic Aid

Financial assistance provided by countries or international organizations to support the economic development and welfare of other nations.

Diplomacy

The professional, skilled conduct of negotiations and managing relationships between governments of different countries by diplomats and political leaders.

Peaceful Methods

Techniques or approaches used to resolve conflicts or achieve goals without violence.

International Relations

The study and practice of political, economic, and cultural relationships between nations.