balance of payments definition

  • noun:
    • a systematic record of a nation's total payments to international nations, like the price of imports together with outflow of capital and silver, along with the complete receipts from abroad, including the cost of exports in addition to inflow of money and silver.
    • A measure of all of the flows of income into and away from a country including payments for products or services and capital flows.
    • The organized record of such deals.
    • a method of tracking all of a country's financial deals with the rest of the world during a period of one-year

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