Question : ____________________ is an accounting statement that provides a systematic record of all the economic transactions between residents of a country and the rest of the world in a given period of time.
Option 1: Balance of trade
Option 2: Balance of payment
Option 3: Accommodating items
Option 4: Autonomous items
Answer (1)
14th Jan, 2024
Correct Answer:
Balance of payment
Solution : Balance of payment is an Accounting statement that provides a systematic record of all the economic transactions between residents of a country and the rest of the world in a given period of time.
Hence option B is correct.
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