What is the full form of BOP?

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Solution

BOP stands for Balance of Payment. It is a statement that records all the monetary transactions that have taken place between a country’s residents and the rest of the world during a given period.

Also read:

Balance of Payment

Balance of Trade Vs Balance of Payment

Balance of Payments Surplus and Deficit

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Similar questions

(a) What do you mean by BOP? What are its two accounts?

(b) What are the characteristics of BOP?

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