What is another word for balance of international payments?
Pronunciation: [bˈaləns ɒv ˌɪntənˈaʃənə͡l pˈe͡ɪmənts] (IPA) 
The term "balance of international payments" refers to the difference between a country's total exports and imports of goods, services, and capital over a specified period. There are several synonyms for this term, including trade balance, current account balance, and balance of payments. The trade balance refers specifically to the difference between a country's exports and imports of tangible goods, while the current account balance includes both tangible and intangible goods, such as services and investments. The balance of payments is a broader term that encompasses all economic transactions between a country and the rest of the world, including both current and capital accounts. Regardless of the term used, maintaining a favorable balance of international payments is crucial for a country's economic stability and growth.
