Question

A system of accounts that measures the transactions of goods, services, income, and financial assets between domestic households, businesses, and governments and residents of the rest of the world during a specific time period is the

Answer 1

Balance of Payments

Step-by-step explanation:

The balance of payment refers to the statement in which all the transactions i.e lies between the entities for one country and the remaining word for a given period of time like quarterly yearly, monthly, annually, etc

Here in the given situation, the system of accounts that determine the transactions related to the goods, services, etc for a specific period of time is known as the balance of payments and the same is to be considered