Question

    What does 'BoP' stand for in economic

    terms?
    A Budgets of Payments Correct Answer Incorrect Answer
    B Balance of Payments Correct Answer Incorrect Answer
    C Budgets of Production Correct Answer Incorrect Answer
    D Balance of Public Correct Answer Incorrect Answer

    Solution

    The Balance of Payments (BoP) is a comprehensive record of all economic transactions between residents of one country and the rest of the world during a given period, typically a year.

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