what is balance of payment ??
Answers
Answered by
8
Mark It Brainleist
The Balance Of Payments, Also Known As Balance Of International Payments And Abbreviated B.O.P. Or Bop, Of A Country Is The Record Of All Economic Transactions Between The Residents Of The Country And The Rest Of The World In A Particular Period Of Time.
The Balance Of Payments, Also Known As Balance Of International Payments And Abbreviated B.O.P. Or Bop, Of A Country Is The Record Of All Economic Transactions Between The Residents Of The Country And The Rest Of The World In A Particular Period Of Time.
Answered by
2
HEY MATE HERE'S YOUR ANSWER;
The balance of payments tracks international transactions. When funds go into a country, a credit is added to the balance of payments(“BOP”). ... For example, when a country exports 20 shiny red convertibles to another country, a credit is made in the balance of payments.
Balance of Payments. The Balance of Payments or BoP is a statement or record of all monetary and economic transactions made between a country and the rest of the world within a defined period (every quarter or year). These records include transactions made by individuals, companies and the government.
The balance of payments tracks international transactions. When funds go into a country, a credit is added to the balance of payments(“BOP”). ... For example, when a country exports 20 shiny red convertibles to another country, a credit is made in the balance of payments.
Balance of Payments. The Balance of Payments or BoP is a statement or record of all monetary and economic transactions made between a country and the rest of the world within a defined period (every quarter or year). These records include transactions made by individuals, companies and the government.
Similar questions