What is BOP?

Submitted by: Administrator
It is called as Balance of payments - an economic term. (BOP) measures the payments that flow between any individual country and all other countries. It is used to summarize all international economic transactions for that country during a specific time, usually a year. The BOP is determined by the country's exports and imports of goods, services, and financial capital, as well as financial transfers. It reflects all payments and liabilities to foreigners (debits) and all payments and obligations received from foreigners (credits).
Submitted by: Administrator

BOP is a systematic record of all the economic transactions between the residents of a country and the residents of a forieng country.
BOP has two aspects -The current accounts nd The capital account
Current account includes inflow amd outflow of visinle And invisible goods and services
CApital account includes capital movement
Submitted by: Shruti Agarwal

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