Question

define balance of payment?elobrate negative balance of paynent and positive balance of payment​

Answer 1

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The term "balance of payments" often refers to this sum: a country's balance of payments is said to be in surplus (equivalently, the balance of payments is positive) by a specific amount if sources of funds (such as export goods sold and bonds sold) exceed uses of funds (such as paying for imported goods and paying!

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Answer 2

Answer:

Explanation:

Balance of payments refer to an accounting statement that provides a systematic record of all the economic transitions between residents of the country and the rest of the world