The difference over balance of trade and balance of payment. Introduction : Balance of trade is a declaration that catches the nation's import and export of products with the rest of the world. Balance of Payment is a declaration that monitors every single monetary trading activity done by the nation with the rest of the world.

Question

Want to see the full answer?

Answer 1

Question

Definition Definition Difference in value of a country's net exports and net imports for goods and services in a given period. A positive balance of trade is called a surplus and coincides with more net cash inflows into a country; a negative balance of trade deficit is a deficit and results in net cash outflows. A balance of trade surplus or deficit doesn't necessarily indicate a positive or negative situation for a country.

Chapter 3.1B, Problem 3CC

Summary Introduction

To determine: The difference over balance of trade and balance of payment.

Introduction: Balance of trade is a declaration that catches the nation's import and export of products with the rest of the world. Balance of Payment is a declaration that monitors every single monetary trading activity done by the nation with the rest of the world.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

What is a floating exchange rate?

How does global trading affect its participants? Specifically, how does each trade action impact the gains and losses to consumers, producers, and government?

How does international trade benefit from currency exchange?

Answer 2

Question

Definition Definition Difference in value of a country's net exports and net imports for goods and services in a given period. A positive balance of trade is called a surplus and coincides with more net cash inflows into a country; a negative balance of trade deficit is a deficit and results in net cash outflows. A balance of trade surplus or deficit doesn't necessarily indicate a positive or negative situation for a country.

Chapter 3.1B, Problem 3CC

Summary Introduction

To determine: The difference over balance of trade and balance of payment.

Introduction: Balance of trade is a declaration that catches the nation's import and export of products with the rest of the world. Balance of Payment is a declaration that monitors every single monetary trading activity done by the nation with the rest of the world.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Definition Definition Difference in value of a country's net exports and net imports for goods and services in a given period. A positive balance of trade is called a surplus and coincides with more net cash inflows into a country; a negative balance of trade deficit is a deficit and results in net cash outflows. A balance of trade surplus or deficit doesn't necessarily indicate a positive or negative situation for a country.

Chapter 3.1B, Problem 3CC

Summary Introduction

To determine: The difference over balance of trade and balance of payment.

Introduction: Balance of trade is a declaration that catches the nation's import and export of products with the rest of the world. Balance of Payment is a declaration that monitors every single monetary trading activity done by the nation with the rest of the world.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Definition Definition Difference in value of a country's net exports and net imports for goods and services in a given period. A positive balance of trade is called a surplus and coincides with more net cash inflows into a country; a negative balance of trade deficit is a deficit and results in net cash outflows. A balance of trade surplus or deficit doesn't necessarily indicate a positive or negative situation for a country.

Chapter 3.1B, Problem 3CC

Summary Introduction