A country's balance of payments accounts keep track of both its payments to and its receipts from other countries.

Name: A country's balance of payments accounts keep track of both its payments to and its receipts from other countries.
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Question

Quizplus · Accepted Answer

This is a correct statement. Balance of payments accounts are used to keep track of all economic transactions between a country and other countries, including both payments and receipts.

A Country's Balance of Payments Accounts Keep Track of Both