Question

define balance of payment?elobrate negative balance of paynent and positive balance of payment​

Answer 1

Answer:

The balance of payments of a country is the difference between all money flowing into the country in a particular period of time and the outflow of money to the rest of the world.

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.

Explanation:

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