00:01
So here we have a few things to describe to match, sorry, we have the match a definition to awards, and the correct answer is balance of payments.
00:09
Let's just get that out of the way, right? and the balance of payments is referring to money moving across borders, right? as is described.
00:19
Maybe i should say the net money moving across borders, right? so money is coming into the country from exports.
00:28
When we sell something to another country, money is coming in, money is leaving the country for imports, and then there's some other things like tourism, foreign interest earnings, and so on and so forth.
00:38
Absolutely.
00:39
So this is just giving you straight up the definition of balance of payments.
00:43
This is what it is, and the idea here is that it's payments, right? it is defined in terms of money.
00:50
That is the key thing...