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22 July, 07:03

The difference between money coming into a country from exports and money leaving a country due to imports, plus money flows from other factors, is known as the:

a. balance of trade

b. balance of payments

c. free trade

d. trade deficit

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Answers (1)
  1. 22 July, 09:33
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    Balance of payments (BOP)

    Explanation:

    The balance of payments is referred to details of the transaction that held between two entities either in the same country or outside the country of a particular time period.

    when the transaction was done for another country, there is a deduction of credit from the balance of payment and when transaction was done for the same country then credit is added to the BOP
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Home » Business » The difference between money coming into a country from exports and money leaving a country due to imports, plus money flows from other factors, is known as the: a. balance of trade b. balance of payments c. free trade d. trade deficit
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