Question

The difference between the flow of money into and out of a country is called its

Answer 1

Your school has not been performing well of late in external examinations . Write a letter to your headmaster, giving at least three reason for this poor performance and suggestion vemedes

Answer 2

The difference between the flow of money into and out of a country is called its balance of payments.

Step-by-step explanation:

The difference between the flow of money into and out of a country is called its balance of payments. The balance of payments is a record of all transactions between a country's residents and its foreign counterparts, including payments for the country's exports and imports of goods, services, financial capital, and transfer payments. If a country's exports exceed its imports, it has a trade surplus, and the balance of payments will be positive. Conversely, if a country's imports exceed its exports, it has a trade deficit, and the balance of payments will be negative. The balance of payments is an important indicator of a country's economic health, as it can reflect trends in trade, investment, and currency exchange rates.