What is a Balance of Payment?

Somtochukwu

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).

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Somtochukwu

Visionary Leader and Development Economist in Nigeria. CEO at Bufiredd Economic Consults Ltd
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