The difference in the value of visible exports and visible imports is called :

Options

A. Balance sheet of items
B. Balance of Payments
C. Balance of Trade
D. Balance of Account

Answer

C

Explanation

Balance of Trade refers to the difference between the value of a country.s visible imports and visible exports. Also known as the visible balance. It forms part of the balance of payments current account. When the value of visible imports totals morre than the value of visible exports, it si known as an adverse balance of trade (Dictionary of International Insurance & Finance Terma by Jonh O.E. Clark).