Which of the Following Is a Defining Characteristic of a Balance-Of-Payments

Which of the following is a defining characteristic of a balance-of-payments statement?

A) It is a record of the transactions between the government of a country and the private companies.
B) It records all financial transactions between the residents of a country and those of the rest of the world.
C) It records the trade policies of the member nations of the WTO.
D) It is an annual record of the profitable foreign transactions made by a particular country.
E) It is a localfirm's financial statement, where the credits and debits must offset each other.