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Distinguish Between the Balance of Payments and the Balance of Trade

question 34

Essay

Distinguish between the balance of payments and the balance of trade.


Definitions:

Ink

A liquid or paste that contains pigments or dyes used for writing, drawing, or printing on various substrates.

Feature Phone

Inexpensive cell phones with modest processors, simple interfaces, and, often, no touch screens.

Smartphone

A mobile phone that includes advanced functionalities beyond making calls and sending text messages, such as internet connectivity and the ability to run apps.

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