× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
New Topic  
asdf300 asdf300
wrote...
Posts: 317
Rep: 0 0
5 years ago
Distinguish between the balance of payments and the balance of trade.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
Read 48 times
1 Reply

Related Topics

Replies
wrote...
5 years ago
 The balance of payments is a summary record of a country's economic transactions with foreign residents and governments over a year. As such, it takes into consideration all types of transactions. The balance of trade refers only to the value to goods and services bought and sold in the world market. The balance of trade makes up a portion of the balance of payments.
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1373 People Browsing
Related Images
  
 282
  
 220
  
 2130
Your Opinion
Who will win the 2024 president election?
Votes: 3
Closes: November 4