The balance between a nation's receipts and its payments in international trade and investment is called ________.

Question

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The current account measures the balance of trade in goods and services, net income and current transfers. It is a key component of a nation's balance of payments, which represents all transactions between its residents and the residents of other nations. A trade debt or foreign deficit usually refers to a negative balance in the current account, while the foreign trade balance is a broader term that can include capital flows and other financial transactions.

The Balance Between a Nation's Receipts and Its Payments in International