What does balance of international payments mean?
Definitions for balance of international payments
bal·ance of in·ter·na·tional pay·ments
This dictionary definitions page includes all the possible meanings, example usage and translations of the word balance of international payments.
Princeton's WordNet
balance of payments, balance of international paymentsnoun
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"
ChatGPT
balance of international payments
The balance of international payments, often simply referred to as the balance of payments (BOP), is an economic record of all the transactions between a country and the rest of the world made during a specific period. These transactions, conducted by both individuals and corporations, include imports and exports of goods, services, and capital, as well as financial transfers. The balance of payments is used to calculate the net inflow or outflow of capital from a country and offers significant insights into a nation's competitiveness, sources of income, and economic control.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of balance of international payments in Chaldean Numerology is: 2
Pythagorean Numerology
The numerical value of balance of international payments in Pythagorean Numerology is: 9
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"balance of international payments." Definitions.net. STANDS4 LLC, 2024. Web. 19 Apr. 2024. <https://www.definitions.net/definition/balance+of+international+payments>.
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