The difference between merchandise exports and imports is called the ________ balance.

Question

Quizplus · Accepted Answer

The difference between merchandise exports and imports is called the trade balance. The current account includes trade in goods and services, income flows, and unilateral transfers, while the capital account shows the transfer of assets or financial capital between countries. Official reserve transactions involve changes in central banks' foreign currency reserves.

The Difference Between Merchandise Exports and Imports Is Called the ________