Which of the following statements is true about the balance of payments account?

Choose $1$ answer:

Choose $1$ answer:

$($Choice A$)$ Only imports and exports are included in the balance of payments

A

Only imports and exports are included in the balance of payments

$($Choice B$)$ The sum of all debit entries is greater than the sum of all credit entries

B

The sum of all debit entries is greater than the sum of all credit entries

$($Choice C$)$ The sum of all credit entries is greater than the sum of all debit entries

C

The sum of all credit entries is greater than the sum of all debit entries

$($Choice D$)$ Only the movement of financial assets is included in the balance of payments

D

Only the movement of financial assets is included in the balance of payments

$($Choice E$)$ A surplus in the financial account means there is a deficit in the current account

E

A surplus in the financial account means there is a deficit in the current account