Question

The summary of a state’s financial transactions with the rest of the world, including trade, __________, and the remittance of income by citizens employed abroad, is known as a balance of payments.

Answer 1

The summary .................. including trade, FOREIGN AID and the remittance............. Balance of payment is the record of all economic transactions between the residents of a country and the rest of the world in a particular period of time. A balance of payment allows a country to monitor its import and export rates.