External debt is a component of the overall balance of payments, specifically within the financial account or capital account that tracks liabilities to the rest of the world.
What is called a country’s total financial obligations to rest of the world?
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This question is part of 📚 General Knowledge within the broader 🌐 Current Affairs & GK subject and appears in the PPSC Punjab Public Service Commission preparation collection. Reviewing the answer together with nearby questions helps reinforce the underlying concept and identify how it may appear in competitive exams.