Economics · International Trade
In the balance of payments equation B=R f −P f , what does the variable B represent?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Banking capital inflows
- 2Payments made to foreign countries
- 3Receipts from foreign countries
- 4Balance of payments surplus or deficit status✓
Correct answer
Balance of payments surplus or deficit status
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