Which of the following is true regarding the balance-of-payments records?
A. The balance-of-payments accounts do not consider income brought in by non-resident citizens of a country.
B. The fact that assets and liabilities balance does not essentially mean that a nation is in a particularly good financial condition.
C. A balance of payments is not a record of condition.
D. A balance of payments is a determinant of condition.
E. A balance of payments records all the financial transactions of a country since 1980.
Answer: B. The fact that assets and liabilities balance does not essentially mean that a nation is in a particularly good financial condition.