Answer: Balance of payments is an accounting statement that provides a systematic record of all the economic transactions between the residents.

It is an balance record of transactionsin Goods, Services and AssetbetweenResidents of CountryandRest of Worldin an Accounting yearResident. The Balance of Payment (BoP) is a record of class financial payment made between a country and the rest of the world.

It includes all imports and exports of. The balance of payments of a country is a systematic record of all transactions in goods, services and assets between the residents of the.

Balance of Payments The Balance of Payment (BoP) of a country is a systematic record of all economic transactions between its residents and residents of foreign. Class 12's Balance of Payments Chapter is an important part of the macroeconomics section.

This blog on Balance of Payment Class 12 study.

1 This first chapter of the Balance of Class Textbook (the discussed in detail balance chapter payment, although particular class of asset or liability.

payments. Ans. Accommodating transactions bring balance in the balance of payment.

Structure of Balance of Payment

Q.6 Why foreign currency/exchange is needed? Ans. Balance of Payment “The balance of payment of a country is a systematic record.

Balance of Trade • The difference between a country's imports. The Balance of Payments or BoP is a statement or record of all monetary and economic transactions made between a country and the rest of the world within a.

Notes of Class - 12, Economics ch- BOP class pdf - Study Material.

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