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Meaning of BALANCE OF PAYMENTS
WordNet Dictionary
Definition:
[n]
a
system
of
recording
all
of
a
country
'
s
economic
transactions
with
the
rest
of
the
world
over
a
period
of
one
year
; "
a
favorable
balance
of
payments
exists
when
more
payments
are
coming
in
than
going
out
"
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Synonyms:
balance of international payments
See Also:
accounting
,
capital account
,
current account
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