Question : The balance of payments is a systematic record of all and transactions between a country ____________and _____________the rest of the world.
Option 1: economic, financial
Option 2: goods, services
Option 3: capital, current
Option 4: imports, exports
Answer (1)
20th Jan, 2024
Correct Answer: economic, financial
Solution : The correct answer is (a) economic, financial
The balance of payments is a systematic record of all economic and financial transactions between a country and the rest of the world. It includes transactions related to goods, services, income, financial assets, and transfers. The balance of payments provides a comprehensive overview of a country's economic interactions with other countries.
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