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FallenOne FallenOne
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Which of the following is the broadest indicator of international trade and shows how much is spent on international transactions?

▸ Exchange rate

▸ Trade surplus

▸ Balance of payments

▸ Economies of scale

▸ Balance of trade
Textbook 

Business in Action


Edition: 9th
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dm408dm408
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Balance of payments

Balance of payments is the total flow of money into the country minus the total flow of money out of the country over some period of time. The balance of payments includes the balance of trade plus the net dollars received and spent on foreign investment, military expenditures, tourism, foreign aid, and other international transactions.

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You make an excellent tutor!
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