How does a country's balance of payments differ from its balance of international indebtedness?

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It corresponds to changes in official reserve assetsIt results from variations in foreign currency exchange ratesIt is due to errors and omissions in data reportingIt arises because one measures flows while the other measures stocksIt is caused by differences in trade policies

Explanation

The key difference lies in their measurement basis: the balance of payments records financial flows over a period, whereas the balance of international indebtedness represents the accumulated stock of liabilities and assets. Therefore, the difference reflects the distinction between flow and stock concepts.