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If there is a favourable balance of payments, it means that

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If there is a favourable balance of payments, it means that

If there is a favourable balance of payments, it means that
A) a country exports manufactured goods and imports raw materials.
B) the country has more money flowing into it than out as a result of trade and other transactions.
C) a country exports more than it imports for each country with which it trades.
D) a country imports more than it exports for each country with which it trades.
E) a country exports raw materials and imports manufactured goods.

Textbook

Business Essentials, Canadian Edition

Edition: 8^th

Authors: Ebert, Griffin, Starke, Dracopoulos

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