balance of payments
- Dennis Daggett (Deactivated)
Owned by Dennis Daggett (Deactivated)
2018-02-16
1 min read
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An accounting statement measuring the value of goods, services and capital exchanged between a country and all foreign countries. A nation is said to have either: (1) a balance of payments deficit if it sends abroad less in goods, services, and capital than it receives from foreigners; or (2) a balance of payments surplus if it sends abroad more in goods, services, and capital than it receives.
Authorization Path: 2.5.7.2.27.0