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    Question

    What is the primary purpose of the Balance of Payments

    (BOP)?
    A To track only the nation's export transactions. Correct Answer Incorrect Answer
    B To record the economic transactions of residents with the rest of the world. Correct Answer Incorrect Answer
    C To measure only the physical goods entering and leaving a country. Correct Answer Incorrect Answer
    D To calculate the gross domestic product of a nation. Correct Answer Incorrect Answer
    E To monitor changes in the nation’s stock market. Correct Answer Incorrect Answer

    Solution

    The Balance of Payments is a systematic record of all economic transactions between residents of a country and the rest of the world in a specific period. It includes all transactions, whether they are for goods, services, or financial assets.

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