A more descriptive phrase for this balance-of-payments account would be unilateral transfer balance, balance of trade debits, balance of economic transactions, balance-of-investment transactions, or balance of trade credits.
Added by Amber J.
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- Balance of trade debits: refers to the value of imports exceeding the value of exports. - Balance of economic transactions: refers to the overall balance of all economic transactions between countries. - Balance-of-investment transactions: refers to the balance Show more…
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