In economic terms,"balance of payments" refers to the difference between a country's total outflows and inflows of money over a period of time.

Question

Quizplus · Accepted Answer

The balance of payments is a financial statement that summarizes the economic transactions between residents of a country and non-residents over a specific period, including trade in goods and services, cross-border investment flows, and financial transfers.

In Economic Terms,"balance of Payments" Refers to the Difference Between