WBCS.LIVE practice question

The annual record for all the monetary transactions of a country with other countries of the world is known as—

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. Balance of Trade
  2. Balance of Monetary Receipts
  3. Balance of Payments
  4. Balance Sheet

Correct answer and explanation

Correct answer: Balance of Payments