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If a nation's balance of payments is always in balance, why isn't it also always in equilibrium?
Maker
In the context of negotiable instruments, the party who creates and signs the instrument, committing to pay the amount specified to the payee.
Drawer
A person who writes or signs a cheque or draft, instructing a bank to pay a specified amount of money from the person's account.
Presentment
The formal presentation of a document, such as a bill of exchange, for acceptance or payment.
Demand
The consumers' willingness and ability to purchase goods or services at a given price.
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