services (in a b. o. p. context)

What is services (in a b. o. p. context)?

services (in a b. o. p. context) definition and meaning on Finance terms:
An item in the current account covering services produced through an arrangement made between a producer in one economy and a consumer or group of consumers in another, prior to the time production occurs. <

 

reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html

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