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 trade transactions of one country with the rest of the world.
D) a summary statement of all domestic exchanges of goods and services between producers and buyers.
E) a record of the amount of U.S. dollars held abroad.