Question

The difference between money paid to, and received from, other nations in trade is the

Answer 1

The difference between money paid to, and received from, other nations in trade is the balance of payments

Answer 2

The difference between money paid to, and received from, other nations in trade is the balance of payments (BoP), or also known as balance of international payments. BoP is a record of the country's international trade plus the financial transactions that make it possible and it is a measure that tells whether it saves enough to pay for its imports.