A summary statement of a nations financial transactions with the outside world ?
Correct answer: C. Balance of payments
- A. Both a and b
- B. Trade off
- C. Balance of payments
- D. None
Explanation
The balance of payments is the complete record of a country's economic transactions with the rest of the world, including trade, services, transfers and capital flows. A trade-off means choosing between alternatives, not an international account.
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