Balance Of Payment (BOP) is a declaration that statistics all of the economic transactions made among citizens of a rustic and the relaxation of the arena during any given period. This declaration includes all of the transactions made by/to individuals, corporates and the authorities and helps in monitoring the flow of budget to expand the economy. When all of the factors are effectively covered in the BOP, it have to be 0 in a really perfect scenario.
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Balance of Payment PPT Free: Elements and Importance
This method the inflows and outflows of funds should balance out. However, this doesn’t ideally occur in maximum cases. A BOP declaration of a country suggests whether or not the country has a surplus or a deficit of funds, i.e. while a country’s export is more than its import, its BOP is said to be in surplus.
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Table of Content for Balance of Payment PPT
- Definition
- Introduction
- Why BOP?
- Elements of a Balance of Payment
- Importance of BOP
- Conclusion
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