Balance of payments is a ____ concept than balance of trade.
A) more difficult
B) less difficult
C) nearly identical
D) broader
E) narrower

Question

Quizplus · Accepted Answer

Balance of payments is a broader concept than balance of trade as it includes not only the trade of goods and services but also includes investments, transfers, and other financial transactions between a country and the rest of the world.

Balance of Payments Is a ____ Concept Than Balance of Trade