Question

DEFINE THE TERM BALANCE OF PAYMENT.

Answer 1

Explanation:

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The balance of payments (BOP) is a statement of all transactions made between entities in one country and the rest of the world over a defined period of time, such as a quarter or a year.

Answer 2

Answer:

The balance of payments (BOP) is a statement of all transactions made between entities in one country and the rest of the world over a defined period of time, such as a quarter or a year.

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