balance of payments tee
the sum of the capital account balance and the current account balance; put another way, the net change in financial reserves of a country, whether in the form of income (current account) or foreign investments (capital account) For example, in all years since 1980, the USA has run a large-to-huge current account deficit, but in most years it has run a capital account surplus that is almost as big as the current account deficit. As a result, the USA has run a medium-to-large balance of payments deficit over this period. A commonly-overlooked byproduct of BoP is that it determines whether or not a currency can be used as an international reserve currency. Despite repeated efforts by the governments of the EU and Japan to get their currencies established as such, they have failed to dent the US dollar's global primacy as the money for international transactions. This is because EU member states and Japan (as well as other major economies) run very large surpluses in their BoP. Japan, in particular, imports extremely little, and retains huge reserves rather than invest all of its net export earnings overseas. As a consequence, overseas holdings of euros or yen are much to small to serve as an alternative to the US dollar.
The Urban Dictionary Tee
- Soft, lightweight everyday tee
- Comfortable unisex fit
- Combed and ring-spun cotton blend
- Pre-shrunk fabric with a tear-away label
- Bella+Canvas 3001
- Every order personally reviewed
- Returns & defect-free guarantee
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Customer Reviews
I always get so many compliments when I wear this (my favorite) shirt. I have been able to give out my phone number to lots of nice old men and my parents think it's great that I have so many nice mentors grooming me into a nice young boy who is willing to "follow the rules ".
Very comfortable and love the tyoeface
Very nice t-shirt. Fits perfect.
FUCK you urban dictionary.
My brother loved the shirt and the dogs name is cum stain
The small shirts for men looks like an extra small. Other than that I love the shirt.
AMAZING I GOT THE HILAARIOUS SHIRT AND LOVE IT MORE THAN ANYTHING!
I absolutely loveeeeeeee my shirt ! Fast shipping too !
hehe mine said skibidi
Feels great love the shitt
Great shirt. Great service. Shopify doesn’t track the shipment accurately though. However, when I reached out to Urban Dictionary customer service, they were able to help me.
Wore it to school.
Love this shirt so much
I love this t-shirt that says morbussy. It allows me to show off both my love for Morbius and the fact that I get no Morbussy.
This shirt feels great, perfect fit too.
Great looking t-shirt. Good quality. Printing looks good.
Cool I didn’t order anything I just have a lot of free time and not a lot of hobbies
Fun and soft.
Good stuff! Although, I do have a sneaking suspicion that this is cursed. You see, whenever i dawn this top-teir, soft, stylish shirt - I proceed to pass out within 46 seconds. The mere act of making contact with the material insues the process of this countdown starting. If I do not quit contact, i will lose conciousness the exact moment the countown hits 0. And when I regain clarity, I find myself in a bathtub - never mine, but a bathtub nevertheless. In the bathtub, there is always various colours of hairdye. I then have to go back home, shirt stained with dye. Very fashionable though! 10/10
Smooth transaction and nice product, shipping was quick!