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iVinArrow [24]
2 years ago
6

Difference between money paid to and money received from other nations in trade is called balance of trade.

Business
2 answers:
goldfiish [28.3K]2 years ago
8 0

Answer:

false

Explanation:

aleksley [76]2 years ago
6 0

Answer:

False

Explanation:

This is a definition of Balance of Payment hence making this statement false. This is commonly confused since they almost sound the same. Here's the difference; Balance of payment is for recording all economic transactions of a country with other countries like inflow and outflow of foreign exchange, so basically money. Balance of trade on the other hand is the difference in the value of a country's imports and exports.

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Answer:

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Explanation:

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If a country's money supply decreases, business activity will rise, as per monetarist theory; the opposite is also correct. The monetarist philosophy is driven by a standard equation, MV= PQ, in which M will be the money supply, V is just the pace and P refers to the price of commodities, and Q is the sum of commodities.    

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3 years ago
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2 years ago
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Ivanshal [37]

Answer:

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4 0
2 years ago
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