I will give Brainliest!! Explain the difference between balance of trade and balance of payments. (At least 2-3 sentences plz..)

Both the balance of trade and the balance of payments consider exports and imports. the balance of payments includes cross-border exchange of services, income and financial assets. Balance of trade simply deals with the export and import of goods. Balance of trade doesn’t include any services.

hope this helps you.

explanation:

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