Question

What are the main characteristics of balance of payments ?

Answer 1

the balance of payments deficit means the country imports more goods, services and capital than it exports .it must borrow from other countries to pay for its imports .in the short term that fuels the country economic growth.

hope it helps you

Answer 2

1:-it is a systematic record of all economic transaction between one country or the rest of the world

2:- it relates to A period of time

3:- it includes all transaction visible as well as invisible