The balance of payments is a record of all economic transactions between one country and the rest of the world.

Name: The balance of payments is a record of all economic transactions between one country and the rest of the world.
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The balance of payments is a comprehensive accounting record of a country's economic transactions with the rest of the world, including trade in goods and services, financial transactions (such as investments and loans), and transfers (such as foreign aid).

The Balance of Payments Is a Record of All Economic