The balance of payments is the difference between money flowing into a country from exports, and money leaving the country for imports, plus money flows coming from other factors such as tourism, foreign aid, military expenditures, and foreign investment.
The Balance of Payments (BOP) is the tool used by countries to track all international monetary transactions at a given time. In the Balance of Payments, it accounts for all trades administered by both the private and public sectors to determine total money goes into and out of a country.
The balance of payments (BOP) reflects the record of all international financial transactions made by a country's citizens. Such transactions compose imports and exports of goods & services, tourism, and capital, as well as transfer payments, such as foreign aid and remittances.
Money is the cash you have on hand and accessible to you. Financial assets are things you own that you can liquidate or sell to earn money.
D. balance of trade
Based on the information provided within the question it can be said that the term being described in this scenario is called a balance of trade. like mentioned in the question this term refers to the difference between a nation's exports and it's imports, as well as various other forms of money flow into and outside the nation in question.
Balance of Payments
Balance of payments (BOP) is an account that summarizes a country’s total payments and total receipts from international economic transactions within a specific period usually one year. There are 2 basic outcomes from balance of payments. They are:
1. Surplus - It occurs when receipt from export of goods and services is greater than payment for import of goods and services.
2. Deficit - This occurs when receipts from exportation of goods and services is less than payment for importation of goods and services.
Backed by real wealth
A - Backed by real wealth
Balance of Payments
Explanation:The difference between money coming into a country (from exports) and money leaving the country (for imports) plus money flows from other factors such as tourism, foreign aid, military expenditures, and foreign investment.
Balance of payments (BOP)
The balance of payments is referred to details of the transaction that held between two entities either in the same country or outside the country of a particular time period.
when the transaction was done for another country, there is a deduction of credit from the balance of payment and when transaction was done for the same country then credit is added to the BOP