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Balance of Payments Trends

Balance of Payments Trends

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Published by: vardhan2410 on Apr 29, 2010
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12/05/2012

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alanceof
 
aymentstrends
Presented by:
Harsh Jain, M. Deepak,Ashok Jaiswal
 
 
 
Balance of payments
A balance of payment account is a statement of doubleentry system of record of all economictransactions( involving foreign payments) betweenresidents of a country and the rest of the world carriedout in specific period of time.
Accounting framework and statistical record of all theeconomic and Financial flows that take place over aspecified time period between residents of the reportingcountry and rest of the world.
 
Purpose of balance of payments
§
It provides data for economicanalysis.
§
It reveals strong and weak points of acountry’s foreign trade relations.
§
It provides indication of futurerepercussions of country’s pasttrade performances.
§
It reveals changes the composition &magnitude of foreign trade.

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