Question

Which of the following terms is used in the field of economics?

• A. Absolute Zero
• B. Molecular Equation
• C. Zero Point Energy
• D. Balance of Payments

Answer 1

The correct option is D Balance of Payments

Balance of Payment is an economic term which record all international financial transactions made by a country's residents .

A country's balance of payment tells you whether it saves enough economic output to pay for its imports. It also revels whether the country produces enough economic output to pay for its growth.

The balance of payment is reported for a quarter or a year. A balance of payment deficit means the country imports more , services and capital than exports vice versa.