The Balance of Payments Is

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 transactions of one country with the rest of the world.
D) a summary statement of the foreign assets held by U.S.citizens.
E) a record of the amount of U.S.dollars held abroad.