Foreign Trade

The balance of payments of a country is a systematic record of

  1. goods exported from a country during a year
  2. economic transaction between the government of one country to another
  3. capital movement from one country to another
  4. all import and export transactions of a country during a given period of time, normally a year

Answer

The balance of payments (BOP) of a country is the record of all economic transactions between the residents of a country and the rest of the world in a particular period (over a quarter of a year or more commonly over a year).

The correct option is D.