Balance of Payments
The balance of payments is a record of all economic transactions between a country and the rest of the world over a specified period. It includes trade, investment, and financial flows. A positive balance indicates more inflows than outflows, while a negative balance suggests the opposite, reflecting a country’s economic health.
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Bank Loan
A bank loan is a sum of money borrowed from a financial institution, which is to be repaid with interest…
Bookkeeping System
A bookkeeping system is a method or software used to record financial transactions, track income and expenses, and maintain accurate…
Business Model
A business model refers to how a company creates, delivers, and captures value. It defines the company's strategy for generating…
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