3 years ago

When the U.S. provides foreign aid to Israel and Egypt, a balance of payments inflow to the United States occurs. T/F

1 answer:

Nookie1986 [14]3 years ago

8 0

Answer: <em>The given statement is false</em>, since the United States of America has provided foreign aid to both Israel and Egypt. Thus this will lie under the balance of payment outflow.

Balance of payment is a transcript of all the monetary transactions that have taken place between a country and the rest of the world. Outflow refers to the amount of money that leaves an organization or country during a given period.

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