Examlex
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Balance of Payments
A record of all economic transactions between the residents of a country and the rest of the world within a specific period.
Goods Deficit
A situation where a country's imports of physical goods exceed its exports, leading to a negative balance in trade for physical goods.
Exchange Rate
The value of one currency for the purpose of conversion to another, affecting international trade, investments, and economic relations between countries.
British Pounds
The currency of the United Kingdom, symbolized by £, and one of the major currencies traded worldwide.
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