why is analysis of balance of payment important for a country
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BOP statement can be used as an indicator to determine whether the country's currency value is appreciating or depreciating. BOP statement helps the Government to decide on fiscal and trade policies. It provides important information to analyze and understand the economic dealings of a country with other countries.
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Explanation:
BOP statement can be used as an indicator to determine whether the country's currency value is appreciating or depreciating. BOP statement helps the Government to decide on fiscal and trade policies. It provides important information to analyze and understand the economic dealings of a country with other countries.
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