What Is The Balance Of Payments?

Topics:
Decision Analysis
Tags:
Components,
Finance,
Hardware,
Money,
Monitors & Displays,
Operational Accounting,
Payment
Source:
Equade Internet

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Overview: The balance of payments (BOP) is the method countries use to monitor all international monetary transactions at a specific period of time. Usually, the BOP is calculated every quarter and every calendar year. All trades conducted by both the private and public sectors are accounted for in the BOP in order to determine how much money is going in and out of a country. If a country has received money, this is known as a credit, and, if a country has paid or given money, the transaction is counted as a debit. The BOP can tell the observer if a county has a deficit or a surpl

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Format: HTML | Date: Jan 2003

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