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Balance of Payments
A comprehensive record of all economic transactions between residents of a country and the rest of the world during a specific period.
Balance-of-Economic Transactions
A record of all economic transactions between residents of a country and the rest of the world during a particular period, including trade, investments, and financial transfers.
Bretton Woods Agreement
The Bretton Woods Agreement was established in 1944 to set up a new international monetary system, creating exchange rate stability and promoting international economic cooperation.
Exchange Rates
The value of one currency expressed in terms of another currency, which determines how much foreign currency can be exchanged for a unit of domestic currency.
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