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

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

Question : The balance of payments is a record of:

Option 1: Government revenue and expenditure

Option 2: Imports and exports of goods only

Option 3: Financial transactions between residents and non-residents

Option 4: Gross domestic product (GDP) and economic growth

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