Why Is Balance of Payments a Much Broader Concept Than

question 30

Short Answer

Why is balance of payments a much broader concept than balance of trade?

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Definitions:

Distorted

Altered from a natural, normal, or original shape, size, or condition, resulting in a misrepresentation of reality or truth.

Stagnates

The state or process of ceasing to flow, move, or develop; often used in reference to water, projects, or personal growth.

Depression

A common but serious mood disorder that affects how you feel, think, and handle daily activities.

Mixed-Gender Groups

Groups composed of individuals of different genders, aiming to provide diverse social interactions.