Cima C04 Exam Question No 10

Question No 10:

The balance of payments accounts are defined as:

A. The difference between the government’s receipts and its expenditure over the period of a year.
B. The difference between the exports of goods and services and imports of goods and services over the period of a year.
C. The surplus or deficit on a country’s international trade over a given period.
D. A statement of the economic transactions between residents of a country and the rest of the world over a given period.

Answer: D