Exam (elaborations)
19. Balance Of Payments Exam Questions With Solutions
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19. Balance Of Payments Exam Questions With Solutions balance of payments The record of all financial transactions between one country and the rest of the world current account The record of trade in goods and services, income flows and transfers between one country and the rest of the world balance of payments on current account the total net of trade in goods and services, income flows and transfers between one country and the rest of the world Balanced current account Where the sum of exports plus the inflow of income and transfers is equal to the sum of imports plus the outflow of income and transfers
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