What is the main feature of the balance of payment?

The main feature of the balance of payment is, in a specific period of time, it gives a systematic record of all economic transactions of one country with the rest of the world. You can read about the Balance of Payment – Description, Components and Formula in the given link.

Further readings:

  1. Balance of Payment Crisis, 1991 – Causes, Measures to Control it
  2. The Reserve Bank of India: Functions, Composition, Monetary Policy Committee

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