Question

Explain the meaning of dediciti in BOP.What are the major factors responsible for this?​

Answer 1

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The BOP is reported for a quarter or a year. A balance of payments deficit means the country imports more goods, services, and capital than they export. It must borrow from other countries to pay for its imports. ... If the deficit continues long enough, the country may have to sell its assets to pay its creditors.

Answer 2

Answer:

• The BOP is reported for a quarter or a year. A balance of payments deficit means the country imports more goods, services, and capital than they export. It must borrow from other countries to pay for its imports. ... If the deficit continues long enough, the country may have to sell its assets to pay its creditors.