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What is Balance of payments (BOP)

Refers to the financial position between a country and the rest of the world. There is two accounts. The current account that represents imports and exports of goods and services and the capital accounts, which represents capital invested in other countries and what has been invested in its country.

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Deed Uberrimae fidei Advance information
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Term created / updated 2005-07-16 23:12:15

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