The total flow of money into a country minus the total flow of money out of the country over some period of time is called the country's
A) trade deficit.
B) balance of payments.
C) unfavorable balance.
D) balance of trade.
E) favorable balance.

Question

Quizplus · Accepted Answer

The balance of payments measures all of the inflows and outflows of money for a country over a specified period of time. It includes not only trade in goods and services but also financial transfers and investments. The balance of payments is composed of two main accounts: the current account and the capital account.

The Total Flow of Money into a Country Minus the Total