What is the difference between the balance of trade and the balance of payments?
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Hey mate!!! Here is your answer =>
Balance of payments is the overall record of all economic transactions of a country with the rest of the world.
Balance of trade is the difference in the value of exports and imports of only visible items.
Hope this helps you 99%
Please mark as brainlist if this helps you otherwise no need ^_^
Balance of payments is the overall record of all economic transactions of a country with the rest of the world.
Balance of trade is the difference in the value of exports and imports of only visible items.
Hope this helps you 99%
Please mark as brainlist if this helps you otherwise no need ^_^
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