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Difference between balance of trade and …

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Difference between balance of trade and current account balance.

    • Posted by Xyz Modi 5 years, 11 months ago

    CBSE > Class 12 > Economics
    • 2 answers

    Jagtar Cheema 5 years, 11 months ago

    Current account balance of payments is that account which records :(a)import n export of goods (b) import n export of services n (c)current transfers (unilateral payments)

    0Thank You

    Jagtar Cheema 5 years, 11 months ago

    Balance of trade is that account which records imports n export of goods only. It is the difference between visible export n visible import. It involves international transactions relating to physical goods which can be seen crossing the borders.

    0Thank You

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