Practicing Success
Practicing Success
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Which of the following statement is NOT correct in the context of Balance of Payments? |
It is a statistical statement summarising all the external transactions (receipts and payments) on current account in which a country is involved over a period of time As the BOP shows the total assets and obligations over a time-period, it never balances. Both 1 and 2 None of the above |
Both 1 and 2 |
Balance of Payments (BOP) : It is a statistical statement summarising all the external transactions (receipts and payments) on current and capital account in which a country is involved over a period of time, say, a year. As the BOP shows the total assets and obligations over a time-period, it always balances. |
