Question

Which of the following correctly defines the terms below? balance of trade balance of payments
a. Balance of payments captures all international debts; balance of trade projects national trade deficits.
b. Balance of trade calculates the top producing nations; balance of payments calculates the weakest producing nations.
c. Balance of trade summarizes the flow of goods and services; balance of payments summarizes all capital flows.
d. Balance of payments helps find out ...

Answer 1

The right answer for the question that is being asked and shown above is that: "c. Balance of trade summarizes the flow of goods and services; balance of payments summarizes all capital flows." This correctly defines the terms : balance of trade balance of payments