Question

sweden does a lot of business with the rest of the world. what is swedens summary of transactions with the rest of the world, including payments, financial aid, and gifts, called?
a. trade surplus
b. international trade summary
c. balance of payments
d. summary of payments
e. balance of trade

Explanation:

The balance of payments is a summary of all economic transactions between a country and the rest of the world over a period of time, including payments, financial aid, and gifts. A trade - surplus is the excess of exports over imports. The balance of trade only considers the value of goods traded. There is no standard term like "international trade summary" or "summary of payments" in this context.

Answer:

C. Balance of payments