Question

In the balance of payments accounts, goods and financial assets that migrants bring to a country are included in the:_______.

Answer 1

In the balance of payments accounts, goods and financial assets that migrants bring to a country are included in the import and export of visible items and financial exchange respectively.

The balance of payments summarizes an economy's international economic dealings. These transactions consist of transfer payments as well as the export and import of products, services, and financial assets (like foreign aid).

In terms of international economics, a country's balance of payments is the difference between the total amount of money coming into the country over a specific time period and the total amount of money leaving the country for the rest of the world.

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