The difference between money coming into a country (from exports)and money leaving the country (for imports)plus money flows from other factors such as tourism,foreign aid,and military expenditures is referred to as the:
A)balance of payments.
B)balance of trade.
C)balance of money flows.
D)exchange rate.

Question

Quizplus · Accepted Answer

The balance of payments measures all the monetary transactions between a country and the rest of the world, including exports, imports, tourism, foreign aid, and military expenditures. Therefore, the correct option is A, balance of payments. B is incorrect because it only refers to the difference between exports and imports. C and D are not common terms used to refer to the balance between a country's monetary inflows and outflows.

The Difference Between Money Coming into a Country (From Exports)and