When the monetary value of a nation's imports exceeds the monetary value of its exports, it is known as:

Question

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A balance-of-trade deficit occurs when a country imports more goods and services than it exports, resulting in more money leaving the country than coming in. This can be a cause for concern as it can lead to a decrease in the value of a country's currency and a reliance on borrowing from other countries to finance the deficit.

When the Monetary Value of a Nation's Imports Exceeds the Monetary