8. Explain the meaning of deficit in a Balance of Payments account. – InterviewSolution

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1.	8. Explain the meaning of deficit in a Balance of Payments account. {CBSE Sample Paper 2010, All India Comptt. 2013)ORCASE Fnraian 2014
Answer» tion:A balance of payments deficit means the country imports more GOODS, services and capital than it EXPORTS. It must borrow from other countries to pay for its imports. ... A balance of payments surplus means the country exports more than it imports.hope this EXPLANATION is helpful for you please added to BRAINLIEST answer....

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