The balance of payments deficit is the amount by which the quantity supplied of a country's currency (per year) exceeds the quantity demanded..

Name: The balance of payments deficit is the amount by which the quantity supplied of a country's currency (per year) exceeds the quantity demanded..
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The balance of payments deficit occurs when the quantity demanded of a country's currency is less than the quantity supplied, leading to an excess supply of the currency.

The Balance of Payments Deficit Is the Amount by Which