Multiple-choice Question (There is only one correct choice for each question)

I . Multiple-choice Question (There is only one correct choice for each question) 1. The balance of payments system records the ( ) between residents and non-residents of a country over a given period of time. A.trade balance B.foreign exchange receipts and payments C.Balance of money D.economic transaction 2. In the balance of payments, the debit records what? ( A.The increase in assets and the increase in liabilities B.The increase in assets and the decrease in liabilities C.The decrease in assets and the increase in liabilities D.The decrease in assets and the decrease in liabilities 3. What is the most basic and important item in a country's BOP statement? ( ) A.current account B.current transfer C.net errors and omissions D.official reserve 4. What is the most important item in the current account? ( ) A.goods B.service C.income D.current transfer