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JAMB Economics 2011 Question 42

Question 42

Balance of Payments and Exchange Rates

The record of a country's transactions in international trade is her

  1. A.capital account
  2. B.balance of payments
  3. C.current account
  4. D.balance of trade.
Show the answer and explanation

Answer: B (balance of payments)

Explanation

The balance of payments records all of a country's transactions with the rest of the world in a period.