Differentiate between Balance of trade account and Balance on Current – InterviewSolution

InterviewSolution

1.	Differentiate between Balance of trade account and Balance on Current Ac.count.
Answer» Balance of trade is the DIFFERENCE betweenexport and import of goods only i.e. visible items whereas the CURRENT account balance of payments both export and import of goods and services along with UNILATERAL TRANSFERS from ONE country to theother.Explanation:HOPE YOU HAVE GOT THE ANSWER.

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