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what is the distinction between balance of trade and balance of payments?
Solution
Balance of Payments’ is an accounting record for all the monetary transactions conducted by a
country with other countries within a specified period of time. Balance of trade is the difference
between the total number of goods eported to the another country and total number of goods
imported from another country

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  • 1. what is the distinction between balance of trade and balance of payments? Solution Balance of Payments’ is an accounting record for all the monetary transactions conducted by a country with other countries within a specified period of time. Balance of trade is the difference between the total number of goods eported to the another country and total number of goods imported from another country