In international trade, when payments of a country are higher than the receipts, then the balance of payment is

michealchris

9 years ago

please the answer to the question is wrong i need a better explanation to it.i go for unfavorable

Chuks612

9 years ago

Wrong. This should be favourable...and it's cuz when a country's receipt(revenue) is greater than her payments(expenditure) it's then said the country has a favourable balance of payments

Myschool Blessing

9 years ago

Thanks for your contributions. Correction has been made.