A country's balance of payments is a national accounting system that records all payments to entities in other countries and all receipts coming into the nation.

Name: A country's balance of payments is a national accounting system that records all payments to entities in other countries and all receipts coming into the nation.
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A country's balance of payments is indeed a national accounting system that tracks all payments and receipts with other countries.

A Country's Balance of Payments Is a National Accounting System