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Definition of "balance-of-payments" []

  • The difference over a given time between total payments to foreign nations, arising from imports of goods and services and transfers abroad of capital, interest, grants, etc, and total receipts from foreign nations, arising from exports of goods and services and transfers from abroad of capital, interest, grants, etc (noun)

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Use "balance-of-payments" in a sentence
  • "According to some calculations, oil prices added another $72 billion to America’s mammoth balance-of-payments deficit last year."
  • "Pakistan called in the IMF in 2008 amid a balance-of-payments crisis, which has since abated due to strong commodity exports."
  • "These payments constitute the single biggest contribution to the country’s balance-of-payments deficit and so is a major source of the nation’s economic weakness."
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