Among the statements below pick the one which best defines the balance of payments. Select one $$ the most appropriate answer.

Group of answer choices

Record of all balanced transactions between residents of a given economy.

Record of all country$$s exports and imports of goods.

Statistical report keeping record of all transactions of domestic firms.

Report on all cash inflows and cash outflows of an economy.

No correct answer.

Record of all country$$s exports and imports of goods and services.