(Solved): The "balance of payments" is a record of all economic transactions between the residents of a coun ...

The "balance of payments" is a record of all economic transactions between the residents of a country and the rest of the world. Which statement regarding the balance of payments is FALSE? a. It is divided into the current and capital accounts. b. A country with a negative current account balance has a trade deficit. c. A country with a positive current account balance has a trade surplus. d. The US rarely posts deficits in its trade balance in goods.