balance of payments
noun phraseDefinition of balance of payments
: a summary of the international transactions of a country or region over a period of time including commodity and service transactions, capital transactions, and gold movements
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“Balance of payments.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/balance%20of%20payments. Accessed 23 May. 2022.
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Time Traveler for balance of payments
The first known use of balance of payments was in 1770
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