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Line 1: − An [[accounting]] statement of the [[money]] value of international transactions between one [[nation]] and the rest of the [[world]] over a specific period of time. The statement shows the sum of transactions of individuals, businesses, and government agencies located in one nation, against those of all other nations.+
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A '''balance of payments''' is an [[accounting]] statement of the [[money]] value of international transactions between one [[nation]] and the rest of the [[world]] over a specific period of time. The statement shows the sum of transactions of individuals, businesses, and government agencies located in one nation, against those of all other nations.
==Sources==
==Sources==