Balance-of-payments refers to a country's external debt with the rest of the world.

Name: Balance-of-payments refers to a country's external debt with the rest of the world.
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Balance-of-payments refers to the record of all economic transactions between the residents of a country and the rest of the world in a particular period. It includes the trade balance, capital flows, and financial transfers, not just external debt.

Balance-Of-Payments Refers to a Country's External Debt with the Rest