JAMB Economics 2011 Objective — Question 47

Question 47 of 49 from the Joint Admissions and Matriculation Board (JAMB) Economics 2011 Objective paper, with the correct answer and a full explanation.

The record of a country's transactions in international trade is her

A. A. balance of paymentsCorrect
B. B. current account
C. C. balance of trade
D. D. capital account

Explanation

Balance of payments is the summary of all transactions between a country and other countries of the world.

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