In this article we will discuss about:- 1. Meaning of Balance of Payments 2. Is Balance of Payments Always in Balance? 3. Equilibrium or Disequilibrium. Meaning of Balance of Payments: The balance of payments is a summary of all the international transactions of a country and its citizens during a specified period of time. This period is usually of one [...]
The balance of payments account of a nation follows the procedure known as double-entry book-keeping. Each international transaction is recorded twice, once on the credit side and once on the debit side, of an equal amount. It is done because every transaction has two sides. Suppose a country exports goods worth Rs. 100 crore. This item will be included on [...]
Here is a compilation of essays on ‘Balance of Payments (BOP)’ for class 11 and 12. Find paragraphs, long and short essays on ‘Balance of Payments (BOP)’ especially written for school and college students. Essay on BOP Essay Contents: Essay on the Introduction to Balance of Payments (BOP) Essay on the Balance of Payments on Current Account in India Essay [...]