Question

A favorable balance of payments means that

Answer 1

Answer:

B. Exports and other payments exceed imports and other receipts

Explanation:

The balance of payment measures a country's international transactions with all other countries per period. The balance of payments is also known as the balance of international payments, summarizes all the country's exports and imports.

A favorable balance of payment means that a country exports exceed imports.  B.O.P records economic transactions of goods and services as well as other payments such as international aid, capital flow, and international remittances. A Favourable or positive balance of payment means that the aggregate of country foreign inflow exceeds outflows.