A country's _______________ tracks both its payments to and its receipts from other countries.
A) pluses and minuses account
B) debits and credits account
C) checks and balances account
D) balance-of-payments account
E) current account

Question

Quizplus · Accepted Answer

The balance-of-payments account tracks a country's payments to and receipts from other countries. It includes the current account, capital account, and financial account. Option A is incorrect as there is no such account as the "pluses and minuses account". Option B is incorrect as debits and credits are accounting terms, not specifically related to a country's international transactions. Option C refers to a different concept in political science and is not related to international finance. Option E only refers to one component of the balance-of-payments account, and the question asks for the name of the entire account.

A Country's _______________ Tracks Both Its Payments to and Its