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3. Balance of payment
The balance of payments (BOP) is the place where countries record their monetary transactions with the rest of the world. Transactions are either marked as a credit or a debit. Within the BOP there are three main parts of the balance of payments account: the current account, the capital account and the financial account...
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3. Balance of payment
The balance of payments (BOP) is the place where countries record their monetary transactions with the rest of the world. Transactions are either marked as a credit or a debit. Within the BOP there are three main parts of the balance of payments account: the current account, the capital account and the financial account...
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