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Money Measurement Concept

is a systemat...

Question

______________ is a systematic record of all the economic/monetary transactions between residents of a country and the rest of the world in an accounting year.

[0.80 marks]

A

Current Account

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B

Capital Account

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C

Balance of Payment

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D

Export of Goods

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Solution

The correct option is C Balance of Payment
Balance of Payment is a systematic record of all the economic/monetary transactions between residents (all the units) of a country and the rest of the world in an accounting year.

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