Unit 4.6 Balance of payments

IB Economics: Unit 4.6 Balance of payments

The balance of payments (BOP) is an account that records the inflow (credit items) and outflow (debit items) of funds to and from the domestic economy which results from a country’s financial transactions with the other countries in the world. The balance of payments data is measured over one year, but is recorded quarterly.textThe balance of payments (BOP) is an account that records the inflow (credit items) and outflow...


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