The double-entry bookkeeping for the balance of payments tracks tariffs and currency exchanges.

Question

Quizplus · Accepted Answer

The double-entry bookkeeping for the balance of payments tracks international transactions, including imports and exports of goods and services, as well as financial flows such as investments and transfers. Tariffs and currency exchanges may affect these transactions, but they are not directly tracked in the double-entry bookkeeping system.

The Double-Entry Bookkeeping for the Balance of Payments Tracks Tariffs