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The balance on the financial account of the balance of payments does NOT equal: the net additions to external liabilities the additions to external assets.
The balance on the financial account of the balance of payments does NOT equal:
the net additions to external liabilities the additions to external assets.
(exports of home assets imports of home assets) + (exports of foreign assets imports of foreign assets).
external assets + external liabilities.
exports of home assets + exports of foreign assets.
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