Question

The balance of payments is

• the difference between the flow of money into and out of a country.

• the difference between revenue earned from domestic operations and revenue earned from foreign operations.

• the amount of money attributed to activities that are outsourced.

• the difference between a country's imports and its exports.

• the amount of money collected in taxes from foreign direct investment.

Answer 1

Balance of payment of a country is difference between all the money flow into the country and outflow of money during a particular period of time .

Correct answer is A

Difference between flow of money into and out of a country .