The "balance of payments" is a record of all economic transactions between the residents of a country and the developed countries of the world.

Name: The "balance of payments" is a record of all economic transactions between the residents of a country and the developed countries of the world.
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Question

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The "balance of payments" is a record of all economic transactions between the residents of a country and the rest of the world, not just developed countries.

The "Balance of Payments" Is a Record of All Economic