The balance of payments as applied to a course in international finance may be defined as: September 22, 2022 by 8i9x6 the amount still owed by an exporting firm after making an initial down payment. the amount still owed by governments to the International Monetary Fund. the measurement of all international economic transactions between the residents of a country and foreign residents. the amount of a country’s merchandise trade deficit or surplus. See Answer the measurement of all international economic transactions between the residents of a country and foreign residents.