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Question
What is the purpose of the balance of payment?
What is the purpose of the balance of payment?
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Solution
BoP is utilized to screen all worldwide financial exchanges. All exchanges made by the private sector and the public sectors are represented in the BoP to decide how much cash is going all through the country. The fundamental purpose behind BoP bookkeeping is to know the strength and shortcomings of the economy.
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BoP is utilized to screen all worldwide financial exchanges. All exchanges made by the private sector and the public sectors are represented in the BoP to decide how much cash is going all through the country. The fundamental purpose behind BoP bookkeeping is to know the strength and shortcomings of the economy.
Also see:
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