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.
Correct Answer:
Verified
Correct Answer:
Verified
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