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Balance Of 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 payments was in deficit due to a significant increase in imports.
  • The government implemented policies to improve the balance of payments by reducing imports and increasing exports.
  • A favorable balance of payments is crucial for a country's economic stability and growth.
  • The economist studied the balance of payments to understand the country's economic performance.
  • The central bank closely monitored the balance of payments to ensure that the country's currency remained stable.

Synonyms

  • Balance Of International Payments
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