…………. is the difference between the value of goods sold to the rest of the world and the value of the goods import from the rest of the world

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1.08K viewsAugust 25, 2021Balance of PaymentsBop

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Abhishek Kumar 54 August 24, 2021 0 Comments

…………….. is the difference between the value of goods sold to be the rest of the world are the value of the goods import in the rest of the world

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A(balance of payment)

B(balance of trade)

C(balance of current account)

score 0 · Answer 1 · 2021-08-25T18:18:05+00:00

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Ans – B)

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Balance of Trade is the net difference between export of goods and import of goods. Balance of Trade is also as BOT in short.

It is a part of the Current account and only includes visible (merchandise or physical goods) items exports and imports.

Exports of visible items and recorded as the inflow of foreign exchange at the credit side of BOT.

Imports of visible items are recorded as the outflow of foreign exchange at the debit side of BOT.

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