Balance of Payments (BOP) is 1) the records all financial transactions that is the economic transactions occurring during specific time periods between entities in one country and the rest of the world, and can be summarised in a systematic way. The IMF Balance of Payments provides conceptual guidelines for compiling balance of payments statistics according to international standards. 2) the difference between a country receives from exports and it spends on imports.
Balance of Payments (BOP)
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