Which of the following can be called as Balance of
Payment (BoP)?
ASystematic record of transaction of government in terms of revenue and expenditureCorrect AnswerIncorrect Answer
BSystematic record of transaction of import and export of a countryCorrect AnswerIncorrect Answer
CSystematic record of transaction of all production of goods and servicesCorrect AnswerIncorrect Answer
DSystematic record of transaction between the residents of a country and the rest of the worldCorrect AnswerIncorrect Answer
ESystematic record of transaction between the residents of a country and the rest of the world in a specific time period.Correct AnswerIncorrect Answer
Solution
Balance of Payment (BoP) refers to the systematic record of transaction among the residents of a country and the rest of the world in a given time period (usually a year).
