The difference between money coming into a country from exports and money leaving a country due to imports, plus money flows from other factors, is known as the:

a. balance of trade

b. balance of payments

c. free trade

d. trade deficit

Balance of payments (BOP)

Explanation:

The balance of payments is referred to details of the transaction that held between two entities either in the same country or outside the country of a particular time period.

when the transaction was done for another country, there is a deduction of credit from the balance of payment and when transaction was done for the same country then credit is added to the BOP