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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.
What else can I help you with?
Can a nation have a favorable balance of trade and an unfavorable balance of payments?
Yes, as the balance of trade is only one part of the balance of payments
How does balance of trade differ from balance of payments?
Balls and weiners!
Effect of persistent deficit in balance of payments?
A persistent deficit in the balance of payments leads to an individual not paying their way. Society as a whole can get into a deficit when many people are defaulting on payments.
What institution provides the primary source of similar statistics for balance of payments and economic performance worldwide?
The primary source of similar statistics for balance of payments and economic performance worldwide is theInternational Monetary Fund, Balance of Payments Statistics.
What are the Objectives of balance of payments?
The objective of balance of payments is to keep track of spending and savings to determine your financial goals. This system is a macroeconomic goal.
Is balancing a verb?
Yes balance is a verb. Balancing is the present participle of balance. They are balancing on a tight rope.
Balance of payments deficit?
A balance of payments deficit means there is an imbalance in the balance of payments of a country where the payments the country makes are more than the payments they received. It means the balance of payments is negative. A balance of payments deficit is,when government expenditure is more than government revenue
Does Brazil have a balance of payments surplus or deficit?
It has a balance of payments deficit.
Can a nation have a favorable balance of trade and an unfavorable balance of payments?
Yes, as the balance of trade is only one part of the balance of payments
What is partner balance in gymnastics?
A partner balance it a balance where you are balancing completely on your partner.
Does the balance of payment always balance?
International Balance of Payments
What is the balance of the ticket?
what is the purpose of balancing of the ticket
How does balance of trade differ from balance of payments?
Balls and weiners!
What is DC balancing?
DC Balance is a stream of data encoded to ensure an equal balance of 1 or 0 . 8b10b encoding has been developed to ensure DC balancing.
What has the author Tom Drinkwater written?
Tom Drinkwater has written: 'A guide to the balance of payments' -- subject(s): Balance of payments
Describe the salient features of India's Balance of payment?
Features of Balance of Payments Balance of Payments has the following features: (i) It is a systematic record of all economic transactions between one country and the rest of the world. (ii) It includes all transactions, visible as well as invisible. (iii) It relates to a period of time. Generally, it is an annual statement. (iv) It adopts a double-entry book-keeping system. It has two sides: credit side and debit side. Receipts are recorded on the credit side and payments on the debit side. (v) When receipts are equal to payments, the balance of payments is in equilibrium; when receipts are greater than payments, there is surplus in the balance of payments; when payments are greater than receipts, there is deficit in the balance of payments. (vi) In the accounting sense, total credits and debits in the balance of payments statement always balance each other.
What is function of balancing screws in physical balance?
Balancing screws are used to adjust the balance of the physical balance by adding or removing weight to ensure that the beam is level and accurate when weighing objects. By manipulating the position of the balancing screws, the physical balance can be calibrated to measure weights precisely.
