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What is meant by the “balance” of international payments? What two things are being compared and why must they balance?

Posted: Sun May 08, 2022 9:22 am
by answerhappygod
What is meant by the “balance” of international payments? What
two things are being compared and why must they balance?
When a country imports more than it exports, what is expected to
happen to its currency and why?
When a country exports more than it imports, what must it do on
the financial account to balance international payments and
why?