Which of the following is the name for the overall flow of money into or out of a country?
A) Exchange rate
B) Trade rate
C) Balance of exchange
D) Balance of payments
E) Balance of trade

Question

Quizplus · Accepted Answer

The overall flow of money into or out of a country is known as the balance of payments. This refers to all transactions between a country and the rest of the world, including trade in goods and services, financial transactions, and transfers of capital. The balance of payments is typically divided into two main categories: the current account and the capital account. The current account includes trade in goods and services, while the capital account includes flows of financial assets and liabilities. The balance of payments is an important indicator of a country's economic health and can impact exchange rates and trade policies.

Which of the Following Is the Name for the Overall