Question:

What is the term ''Balance Of Payments'' meant?

by Guest5264  |  12 years, 8 month(s) ago

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What is the term ''Balance Of Payments'' meant?

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  1. Guest5877
    Balance of payments is the systematic record of all economic transactions between the residents of the one country and the rest of the world during the period of one year.

  2. Guest2646
    A systematic record of a nation's total payments to foreign countries, including the price of imports and the outflow of capital and gold, along with the total receipts from abroad, including the price of exports and the inflow of capital and gold.
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