When the U. S. provides foreign aid to Israel and Egypt, a balance of payments inflow to the United States occurs. T/F

Question

Madelyn Ellison

Social Studies

17 September, 16:46

When the U. S. provides foreign aid to Israel and Egypt, a balance of payments inflow to the United States occurs. T/F

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Gianni Valdez · Answer 1

Answer: The given statement is false, since the United States of America has provided foreign aid to both Israel and Egypt. Thus this will lie under the balance of payment outflow.

Balance of payment is a transcript of all the monetary transactions that have taken place between a country and the rest of the world. Outflow refers to the amount of money that leaves an organization or country during a given period.