The total flow of money into a country minus the total flow of money out of the country over some period of time is called the nation's balance of trade.

Question

Quizplus · Accepted Answer

The correct term for the total flow of money into and out of a country is the balance of payments. The balance of trade specifically refers to the difference in value between a country's exports and imports of physical goods.

The Total Flow of Money into a Country Minus the Total