1.

Mention the factors that affect balance of payments.

Answer»
  1. Exchange rate,
  2. Prices of tradable goods in home country and foreign countries,
  3. Variety and quality of tradable goods,
  4. Inevitable imports,
  5. Level of economic development of the country,
  6. Level of economic development of the country, legal restrictions on trade and
  7. Trade supporting facilities and infrastructure.


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