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The balance of payments is an accounting record of the difference between the amount of money that a country receives (known as inpayments) and the amount of money that it pays out (known as outpayments).

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Q: How would you define the balance of payments in international trade?
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What is a current issue that involves international trade foreign exchange balance payments tariffs and free trade?

I'm sorry, but i don't know! :( if you type in this sentence, this should help you out. "current issues that involves international trade foreign exchange, balance of payments, tariffs, and free trade"


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Balance of trade?

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Payment made between countries, whether in settlement of a trade debt, as a unilateral transfer of funds, for capital investment, or for some other purpose. The reasons for such payments and the methods of making them and accounting for them are matters of concern to economists and national governments. International debts are settled either from accumulated balances of foreign currency or claims on foreign currency, or by loans from creditor to debtor, or by drawing on the International Monetary Fund, or by movements of gold. How a country balances its international accounts is one of the most important decisions for its balance of payments.


How would you define capital accounts in international trade?

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Does Germany have a trade deficit?

No, Germany has a balance of payments surplus.