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What is the difference between Balance of Trade and Balance of Payments?
What is the difference between Balance of Trade and Balance of Payments?
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{BoT = Goods only}
{BoP = BoT + Services + Capital + Transfers} Always remember: BoT is a part of BoP.
{BoP = BoT + Services + Capital + Transfers} Always remember: BoT is a part of BoP.
Updated On: Mar 2, 2026
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