BUSINESS

ENVIRONMENT
PRESENTATION ON

CORRECTION MEASURES IN B.O.P

V.PRABHU
17PA1E0056
INTRODUCTION
● Balance of payment (BOP): accounts are an accounting record of
all monetary transactions between a country and the rest of the
world.These transactions include payments for the country’s
exports and imports of good & services , financial capital and
financial transfers
● A country has to deal with other countries in respect of 3 items
● Visible items: which include all type of physical goods exports
and imports
● Invisible items: which include all those services whose export and
imports are not visible .eg transport services, etc
● Capital transfer which are concerned whith capital recipts and
capital payments
DEFINITION
● According to kindleBerger. ‘The balance of payment of a country is a
systematic record of all economic transaction between