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Question
Systematic record of all international economic transactions of a country during a given period usually a year –
Solution
Systematic record of all international economic transactions of a country during a given period usually a year – Balance of Payments
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RELATED QUESTIONS
Distinguish between Balance of payments and Balance of trade.
Statements incorrect in relation to Balance of Trade:
- It is also referred to as international trade balance.
- Trade surplus arises when export value is greater than import value.
- Trade deficit takes place when import value is greater than export value
- Balance of trade includes value of imports and exports of visible goods only
Export value > Import value : Trade surplus :: Import value > Export value : ______
Balance of trade is also referred to as ______.
Assertion (A): Balance of trade is also referred to as Balance of payments.
Reasoning (R): Balance of trade includes the value of imports and exports of visible goods and invisible goods.
State with reason whether you agree or disagree with the following statement:
There is no difference between Balance of payment and Balance of trade.
The Statement which discloses a record of transactions between the residents of one country and residents of foreign country.
Balance of payments surplus indicates ______.
Why is Balance of payment prepared?
What does Balance of payment disclose?
State with reasons whether you agree or disagree with the following statement.
The balance of Payment is the same as the Balance of Trade.
Balance of Trade and Balance of Payment are two different concepts.
Distinguish between the following:
Balance of payments and Balance of trade.
Distinguish between the following:
Internal trade and International trade.
Distinguish between the following:
Balance of payments and Balance of trade.
Distinguish between the following:
Balance of payments and Balance of trade.
Distinguish between the following:
Balance of payments and Balance of trade
Balance of payments and Balance of trade.
Distinguish between Balance of payments and Balance of trade.
Distinguish between the following:
Balance of payments and Balance of trade.
Distinguish between the following:
Balance of payments and Balance of trade.
Distinguish between the following:
Balance of payments and Balance of trade.
Distinguish between the following:
Balance of payments and Balance of trade
