7th December 2019

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What is a surplus on the balance of payments?

Definition of balance of payments surplus. The amount by which the money coming into a country is more than the money going out in a particular period of time. [

Also know, what is the balance of payment?

The balance of payments (BOP) is the method countries use to monitor all international monetary transactions at a specific period. Usually, the BOP is calculated every quarter and every calendar year.

What is balance of payments economics?

The balance of payments, also known as balance of international payments and abbreviated B.O.P. or BoP, of a country is the record of all economic transactions between the residents of the country and of the world in a particular period (over a quarter of a year or more commonly over a year).Balance of payment is a
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