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The balance of payments of a country is a systematic record of

(a) all import and transactions of a during a given period normally a year
(b) goods exported from a country during a year
(c) economic transaction between the government of one country to another
(d) capital movements from one country to another



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The balance of payments (BoP) of a country is a systematic record of all economic transactions between the residents of that country and the rest of the world during a specific period, usually a year. It includes both the imports and exports of goods and services, as well as financial transactions such as capital flows, investments, and loans.

The balance of payments provides valuable information about the economic relationships between a country and the rest of the world. It helps assess the overall economic performance, competitiveness, and financial stability of a country. By tracking the inflows and outflows of goods, services, and money, the balance of payments helps policymakers, economists, and analysts understand the international financial position of a country and its impact on its economy.


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