Which of the following is not true? A

 Which of the following is not true? A. Although the Balance of Payments must always balance in theory, in practice there are substantial imbalances as a result of statistical errors and misreporting of current account and financial account flows. B. The Balance of Payments is a flow statement, summarizing all international transactions that occur across the geographic borders over a period of time, typically a year. C. A debit is an event, such as the export of a good or service, that records foreign exchange earned-an inflow of foreign exchange to the country. D. The Balance of Payments is the summary statement of all international transactions between one country and all other countries.