Concept:The balance of payments covers both the current account and the capital account.Explanation:A balance of payments deficit occurs when total debits exceed total credits.Use the formula: Balance of payments=Total credits−Total debits.The current account records trade in goods and services.The capital account records financial transfers and investments.To measure the overall deficit, subtract the debits from the credits in both the current and capital accounts.The deficit means the country spends more abroad than it earns from abroad.Answer:B. current and capital accounts