Buy custom The balance of payment
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| Topic: |
Business
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| Number of pages / Number of words: |
2 / 459 |
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What this means is that the country is providing an abundance of resources to other economies, and is owed money in return.
This will help us understand where any discrepancies may stem from, and how resources may be restructured in order to allow for a better functioning economy.
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The balance of payments:
The balance of payments (BOP) constitutes all the transactions made by one country with the rest of the world during a certain period of time. It compares the amount of economic activity between a country and all other countries.
Any transaction that causes money to flow into a country is a credit to its BOP account, and any transaction that causes money to flow out is a debit...
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