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What is Understanding Balance of Payments (BOP) about?
The balance of payments records all economic transactions between a country and the rest of the world over a period of time. It includes imports/exports of goods and services, income flows, and international investment. The balance of payments statement is divided into the current account, capital account, and official reserves account. The current account covers trade in goods and services and income flows. The capital account records investment flows. The official reserves account tracks changes in a coun
- Author
- rashmymoray
- Language
- EN