Which of the Following Is True About the Balance of Payments

question 49

Multiple Choice

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

• A)Although there are millions of transactions each year,it is necessary to keep a detailed record of them for accurate accounting purposes
• B)The balance of payments aggregates all merchandise trade into a few major categories
• C)The balance of payments does not include transactions in which the residents of foreign nations are not directly involved
• D)Not only are the net balances of each type of international capital flow included in the balance of payments,but a detailed breakdown of these transactions is accounted for as well

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Definitions:

MP

In the context of logic, it often stands for "modus ponens," a form of argument where if "if p then q" is true and p is true, then q must also be true.

Justification

The action of showing something to be right or reasonable, often by providing supporting evidence or reasoning.

Premise

An initial assertion that paves the way for a conclusion or inference to be made.

Justification

Providing sufficient reasons, evidence, or arguments to support a claim, belief, or action as valid or acceptable.