Question

Balance of payments a. provides detailed information concerning the demand and supply of a country's currency. b. is defined as the statistical record of a country's international transactions over a certain period of time presented in the form of a double-entry bookkeeping. c. can be used to evaluate the performance of a country in international economic competition.

Answer 1

Answer:

The correct answers are letter "A", "B", and "C".

Explanation:

The Balance of Payments or BOP is a record of all payments or monetary transactions between a particular country and other nations during a specific time period. The BOP account is broken down into three different categories: Current Account, Capital Account, and Financial Account. There, the assets and liabilities are labeled as debits or credits according to the flow o the companies' transactions. It provides a useful perspective on the economic relationship of different countries around the world.