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What is blance of payment

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What is blance of payment

Posted by Juhi Singh 5 years, 10 months ago

CBSE > Class 12 > Economics

1 answers

Shruti Hooda 5 years, 10 months ago

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

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