What is a Balance of Payment?
A Balance of Payment (BOP) is a record of economic transactions between the residence of one country and the rest of the world usually over a period of time (usually 1 year but the record of BOP is now on quarterly basis in some countries).
Let us connect on social media forever;
Somtochukwu
Follower of Balancism 💚. CEO at Bufiredd Economic Consults Ltd
Latest posts by Somtochukwu (see all)
- 11 Ways to Build Sustainable Wealth in Nigeria and the USA - December 24, 2024
- 11 Things to Do to Live a Happy Life in Nigeria and the USA - December 23, 2024
- 10 Practical Tips for Building a Balanced Family Life in Nigeria & USA - December 19, 2024