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What is meant by balance of payments
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Balance Of Payment (BOP) is a statement which records all the monetary transactions made between residents of a country and the rest of the world during any given period. ... On the other hand, BOP deficit indicates that a country's imports are more than its exports.
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Balance Of Payment (BOP) is a statement which records all the monetary transactions made between residents of a country and the rest of the world during any given period
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