Question

Balance of payments difficulties definition

Answer 1

The balance of payments, also known as balance of international paymentsand abbreviated B.O.P. or BoP, of a country is the record of all economic transactions between the residents of the country and of the world in a particular period (over a quarter of a year or more commonly over a year).

Answer 2

The balance of payments, is called as balance of international payments. Its abbreviated is B.O.P. or BoP, of a country is the record of all economic transactions between the residents of the country and of the world in a particular period (over a quarter of a year or more commonly over a year).