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The 'Balance of Payments' of any country is the difference between the money made by exporting goods against money spent on importing goods from overseas.

Take a simple example.... A country sells 100 billion worth of cars to Another Country - BUT - at the same time, imports 20 billion worth of grain. The balance of payments on that single transaction is -80 billion, because the country made more selling the cars than it spent on importing grain.

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