Explain why “balance of payments always balances”.

Question

18 Mar 2023

Answer :

Word Count : 288

The balance of payments is an accounting record of all economic transactions between residents of a country and the rest of the world over a given period, usually a year. These transactions include trade in goods and services, investment flows, and transfers of capital. The balance of payments _________ _____ _____ _____ __________ __________ ______ __________.
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