The record of a country's transactions in international trade is her

The record of a country's transactions in international trade is called the balance of payments. The balance of payments is a systematic record of all economic transactions between the residents of a country and the rest of the world during a given period, usually a year. It includes all financial transactions, such as the imports and exports of goods and services, payments of interest and dividends, and the flow of capital in and out of the country. The balance of payments consists of two main components: the current account and the capital account. The current account records all transactions that involve the exchange of goods and services, as well as income flows between the country and the rest of the world. The capital account records all transactions that involve the transfer of capital, including investments and loans. The balance of trade is a component of the current account and records the difference between the value of a country's exports and the value of its imports. It is calculated by subtracting the value of imports from the value of exports. If a country exports more than it imports, it has a trade surplus, while if it imports more than it exports, it has a trade deficit. Therefore, the balance of payments is the record of a country's transactions in international trade, including both the current account and the capital account.