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  • Balance of Payment

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    Tony Beju
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    The Balance of Payment is a statement that records all monetary transactions between a country and the rest of the world over a period of time, including imports and exports of goods, services and capital, as well as transfer payments. It consists of a current account covering transactions in goods, services, investment income, and transfers, and a capital account covering transactions in financial instruments and central bank reserves, although some definitions only include financial instruments in the capital account.

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    BOP (2)

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    The Balance of Payment is a statement that records all monetary transactions between a country and the rest of the world over a period of time, including imports and exports of goods, services and capital, as well as transfer payments. It consists of a current account covering transactions in goods, services, investment income, and transfers, and a capital account covering transactions in financial instruments and central bank reserves, although some definitions only include financial instruments in the capital account.

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    Download as PPTX, PDF, TXT or read online from Scribd
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    12 views2 pages

    Balance of Payment

    Uploaded by

    Tony Beju
    The Balance of Payment is a statement that records all monetary transactions between a country and the rest of the world over a period of time, including imports and exports of goods, services and capital, as well as transfer payments. It consists of a current account covering transactions in goods, services, investment income, and transfers, and a capital account covering transactions in financial instruments and central bank reserves, although some definitions only include financial instruments in the capital account.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Balance of Payment

    Balance Of Payment (BOP) is a statement which records all the monetary transactions made
    between residents of a country and the rest of the world during any given period. These transactions
    consists of import and export of goods and services, and capital, as well as transfer payments, such
    as foreign aid and remittance

    Transactions made between :

    ●Individuals
    ●Corporates
    ●Government
    Balance of Payment

    ●Current Account
    ●Capital Account

    The current account includes transactions in goods, services, investment income, and current
    transfers

    The capital account, broadly defined, includes transactions in financial instruments and central bank
    reserves. Narrowly defined, it includes only transactions in financial instruments

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