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BALANCE OF PAYMENTS: Dictionary Entry and Meaning

Matching Terms:  balance-of-payments problem

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"
 
 Synonyms: balance of international payments
 
 See Also: accounting, capital account, current account

 

 

 

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