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 Definition of 'balance of international payments':

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1. (noun) balance of payments, balance of international payments
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"
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"balance of international payments." Definitions.net. STANDS4 LLC, 2008. 21 August. 2008. http://www.definitions.net/definition/balance of international payments
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