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QUESTION: What Does Balance Of Payment Means? [Solved]

Nigeria Student Forum / Questions / Marketing Department / What Does Balance Of Payment Means?

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Answered: What Does Balance Of Payment Means? 7:34pm on January 30
Fadeyi Oluwaseun
Ladoke Akintola University Ogbomosho
B.tech Marketing Management
200Level, Nigeria.
The balance of payments, also known as balance of international payments and abbreviated B.O.P. or BoP, of a country is the record of all economic transactions between the residents of the country and the rest of world in a particular period of time (over a quarter of a year or more commonly over a year).

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