Which of the following terms refers to the net result of all money that flows into and out of a nation due to international payments?
A) balance of payments
B) balance of trade
C) surplus account
D) net national payment

Question

Quizplus · Accepted Answer

Balance of payments refers to the record of all international transactions made by a country in a particular year, including trade and financial transactions. It is the net result of all the money that flows into and out of a nation due to international payments. The balance of payments includes the balance of trade, but it also covers other transactions such as investment flows and remittances. The surplus or deficit in the balance of payments has a significant impact on a country's economy and currency value.

Which of the Following Terms Refers to the Net Result