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单词 balance of trade
释义
balance of trade

Geography
  • The relationship between the value of a country’s imports and exports, generally expressed in monetary terms. The balance of trade is sometimes known as the visibles (actual goods) account. Together with the invisibles (account and capital transfers), it makes up the balance of payments.


Economics
  • The excess of visible exports over visible imports. This is a major, but far from the only, component of the balance of payments on current account.


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