Question

What is meant by balance of payments​

Answer 1

Explanation:

Balance Of Payment (BOP) is a statement which records all the monetary transactions made between residents of a country and the rest of the world during any given period.

HOPE OT HELPS YOU PLEASE MARK HAVE A GOOD DAY

Answer 2

${\huge\mathcal{\purple{A}\green{N}\pink{S}\blue{W}\purple{E}\green{R}\pink\blue{!}}}$

Balance Of Payment (BOP) is a statement which records all the monetary transactions made between residents of a country and the rest of the world during any given period. This statement includes all the transactions made by/to individuals, corporates and the government and helps in monitoring the flow of funds to develop the economy.