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balance of payments

The correct spelling is balance of payments.

How to pronounce balance of payments

noun

Say it like: Bal-ans-e o-f p-aym-ent-s

The correct spelling is balance of payments. A measure of all flows of money into and out of a country including payments for goods and services and capital flows.

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Definition

noun

  1. 1.A measure of all flows of money into and out of a country including payments for goods and services and capital flows.
  2. 2.The systematic record of such transactions.

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