The difference between the total payments for imports and the receipts from exports within a given period is referred to as

Basilco

11 years ago

Very rong of u my school...d ansa is balance of trade.

Collinsyung

9 years ago

balance of payment is the correct answer, bcos balance of payment as to do with the diff b/w all payments (imports whether visible or invisible) and receipts (exports) while balance of trade has to do with just visible import and export

DommyBen

2 months ago

the answer is b

123marvellous

1 year ago

The balance of payments (BoP) is a record of all economic transactions between a country and the rest of the world over a specific period of time.

arinzonal

11 years ago

balance of payment cos t also means income(receipt) and expenditure(payment) acct

Casey Emmanuel

13 years ago

I go wit option A

Odunbaby

10 years ago

basilco explain pls

Princelay1234

1 year ago

balance of trade