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Balance Of International Payments (Noun)

Meaning

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".

Classification

Nouns denoting possession and transfer of possession.

Examples

  • The country's balance of international payments showed a significant surplus due to the increase in exports of its main commodity.
  • A favorable balance of international payments is crucial for a country's economic stability and growth.
  • The government implemented policies to improve the balance of international payments by reducing imports and increasing foreign investment.
  • The country's balance of international payments was affected by the global economic downturn, resulting in a large deficit.
  • Economists closely monitor a country's balance of international payments to assess its economic performance and make predictions about future trends.

Synonyms

  • Balance Of Payments

Hypernyms

  • Accounting
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