The balance of payments in goods account (also known as ____________) shows trade in currently produced goods.
A)current account balance
B)capital account
C)trade balance
D)direct investments
E)portfolio investment

Question

Quizplus · Accepted Answer

The balance of payments in goods account, which shows trade in currently produced goods, is commonly referred to as the trade balance. This account records the difference between a country's exports and imports of goods.

The Balance of Payments in Goods Account (Also Known as ____________)