Question

The difference between the export and import of services is called -; 1) Balance of Trade; 2) Balance Of Capital account; 3) Balance of Current account; 4) Balance of Invisible

Answer 1

Balance of trade is the difference between the export and import of services. The correct option is A.

What is the difference between exports and imports?

• The selling of services and goods from a home country to another country is called exporting.
• During exporting, the surplus food items, manufacturing products, and other valuable services are sent abroad in order to generate foreign reserves.
• While importing means the buying of foreign services or products and bringing them into the home country.
• Let's say, if a country is a deficit in wheat production then the country will import eat to meet the food requirements.

Learn more about

What is fermentation?

https://brainly.in/question/294685