Question

Importance of Balance of Payment

Answer 1

Importance of Balance of Payments. As pointed out above, Balance of Payments is a very important record of financial transactions and status of any nation and its economy. It highlights the direction of economic growth or otherwise of any country and is a ground on which manyimportant policy decisions are based.

Answer 2

Importance of Balance of Payments. As pointed out above, Balance of Paymentsis a very important record of financial transactions and status of any nation and its economy. ... It analyses the business transactions of any economy into exports and imports of goods and services for a particular financial year.