difference between money paid to and money received from other nations in trade is called balance of trade.

question 45 options:
true
false

True

Explanation:

The money paid is derived from imports and the money received is derived from exports.

True, Difference in the exchange of amount paid from other countries and earned.

Explanation:

A country's balance of payments tracks its purchases and receipts in transactions between citizens of the nation and residents of other countries. When all exchanges are included, each country's payments and receipts are equal. Any obvious poverty just leaves one nation in the other with assets.

For Example:

If American citizens purchase cars from Japan and don't have certain transactions to Japan, the Japanese should ending up holding USD that may be held in US or other brokerage firm deposits. American car transactions to Japan are offset by Japanese contributions to the US for the purchase of dollar resources by people and institutions, including banking.

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