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The 'Balance of Payments' of any country is the difference between the money made by exporting goods against money spent on importing goods from overseas.
Take a simple example.... A country sells 100 billion worth of cars to Another Country - BUT - at the same time, imports 20 billion worth of grain. The balance of payments on that single transaction is -80 billion, because the country made more selling the cars than it spent on importing grain.
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∙ 12y ago
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Can a nation have a favorable balance of trade and an unfavorable balance of payments?
Yes, as the balance of trade is only one part of the balance of payments
How does balance of trade differ from balance of payments?
Balls and weiners!
Effect of persistent deficit in balance of payments?
A persistent deficit in the balance of payments leads to an individual not paying their way. Society as a whole can get into a deficit when many people are defaulting on payments.
What institution provides the primary source of similar statistics for balance of payments and economic performance worldwide?
The primary source of similar statistics for balance of payments and economic performance worldwide is theInternational Monetary Fund, Balance of Payments Statistics.
What is a basic balance?
A basic balance is the net balance of the combination of a current account and a capital account in a balance of payments.
Is balancing a verb?
Yes balance is a verb. Balancing is the present participle of balance. They are balancing on a tight rope.
Balance of payments deficit?
A balance of payments deficit means there is an imbalance in the balance of payments of a country where the payments the country makes are more than the payments they received. It means the balance of payments is negative. A balance of payments deficit is,when government expenditure is more than government revenue
What is partner balance in gymnastics?
A partner balance it a balance where you are balancing completely on your partner.
How do you do the balancing act?
You balance stuff
Does Brazil have a balance of payments surplus or deficit?
It has a balance of payments deficit.
Can a nation have a favorable balance of trade and an unfavorable balance of payments?
Yes, as the balance of trade is only one part of the balance of payments
What is the balance of the ticket?
what is the purpose of balancing of the ticket
Does the balance of payment always balance?
International Balance of Payments
What is DC balancing?
DC Balance is a stream of data encoded to ensure an equal balance of 1 or 0 . 8b10b encoding has been developed to ensure DC balancing.
What is the Maori word for balance?
Wharite is the word for balance as in weights, body, etc Toenga is the word for balance as in balancing of money.
Does balancing a tire at the wrong rim dia.effect the balance?
Yes
How does balance of trade differ from balance of payments?
Balls and weiners!
