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- DictionaryBalance of payments
- ▪ the difference in total value between payments into and out of a country over a period
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- Balance of payments
Concept in international economics
In international economics, the balance of payments of a country is the difference between all money flowing into the country in a particular period of time and the outflow of money to the rest of the world. In other words, it is economic transactions between countries during a period of time. These financial transactions are made by individuals, firms and government bodies to compare receipts and... Wikipedia
