What is a balance of payments deficit? What is a balance of payments surplus?

Name: What is a balance of payments deficit? What is a balance of payments surplus?
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The Answer is A nation is said to have a balance of payments deficit when imbalances in the combined current and capital accounts lead to a decrease in official reserves.A balance of payments surplus arises when imbalances in the combined current and capital accounts result in an increase in official reserves.

What Is a Balance of Payments Deficit? What Is a Balance