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QUESTION: What Does Balance Of Payment Means?

Nigeria Student Forum / Questions / Marketing Department / What Does Balance Of Payment Means? (71) Views

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Fadeyi Oluwaseun
Ladoke Akintola University Ogbomosho
B.tech Marketing
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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