Question : The balance of payments is a systematic record of a country's:

Option 1: Imports and exports only

Option 2: Imports and financial transactions only

Option 3: Imports, exports, and financial transactions

Option 4: Imports, exports, and domestic production

Question : When a country's imports exceed its exports, it results in:

Option 1: A trade deficit

Option 2: A trade surplus

Option 3: A balance of payments surplus

Option 4: A balance of payments deficit

Question : When a country's imports exceed its exports, it is said to have a:

Option 1: Trade deficit

Option 2: Trade surplus

Option 3: Balance of payments surplus

Option 4: Balance of payments deficit

Question : When a country's exports of goods and services exceed its imports, it is said to have a:

Option 1: Balance of payments surplus

Option 2: Balance of payments deficit

Option 3: Trade deficit

Option 4: Trade surplus

Question : The balance of payments is a:

Option 1: Snapshot of a country's economic transactions at a specific point in time

Option 2: Projection of a country's future economic performance

Option 3: Comparison of a country's exports and imports over a given period

Option 4: Record of a country's stock of foreign assets and liabilities