The summary of the flows of goods,services,assets,and currency in and out of a country in a particular year is

A) the balance of income statement.
B) the balance of payments.
C) the balance of trade.
D) the trade deficit.
E) the capital account.

Balance Of Payments

A comprehensive record of all economic transactions between the residents of a country and the rest of the world within a specific time period.

Country

A distinct territorial body or political entity that is recognized as an independent nation.

Currency

A system of money in general use in a particular country or economic context, serving as a medium of exchange.