A favorable balance of payments means that

A. Payments exceed trade

B. Exports and other payments exceed imports and other receipts

C. Exports exceed imports

D. Total receipts exceed total payments

E. Imports exceed exports

B. Exports and other payments exceed imports and other receipts

Explanation:

The balance of payment measures a country's international transactions with all other countries per period. The balance of payments is also known as the balance of international payments, summarizes all the country's exports and imports.

A favorable balance of payment means that a country exports exceed imports. B. O. P records economic transactions of goods and services as well as other payments such as international aid, capital flow, and international remittances. A Favourable or positive balance of payment means that the aggregate of country foreign inflow exceeds outflows.