What does BOP mean? What is the full form of BOP?
The Full Form of BOP is Balance Of Payment.
The balance of payments (BOP) is a statement of all transactions made between entities in one country and the rest of the world over a defined period of time, such as a quarter or a year.
KEY TAKEAWAYS
- The balance of payments include both the current account and capital account.
- The current account includes a nation’s net trade in goods and services, its net earnings on cross-border investments, and its net transfer payments.
- The capital account consists of a nation’s transactions in financial instruments and central bank reserves.
- The sum of all transactions recorded in the balance of payments should be zero; however, exchange rate fluctuations and differences in accounting practices may hinder this in practice.
BOP
means
Balance Of Payment
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