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Tanzania [10]
3 years ago
7

Why is it important for the balance of payments to balance?

Business
1 answer:
Rudiy273 years ago
5 0

Answer:

A country's balance of payments tells you whether it saves enough to pay for its imports. ... 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. In the short-term, that fuels the country's economic growth.

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