Question

What is bop and main items of bop

Answer 1

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Here Is Your Answer:-

Bop:-Bop means Balance Of Payment . It 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.

Main Items Of Bop:-

Bop consist of 3 main components

- Current account

- Capital account

- Financial account

As we know that BOP should be zero . The current account must balance with the combined capital and financial accounts.

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