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What does Balance of payment disclose? - Commerce

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प्रश्न

What does Balance of payment disclose?

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उत्तर

A Balance of Payment surplus indicates that country’s exports are more than its imports and its government and residents are savers. A Balance of Payment deficit points to the fact that country’s import is more than the export. This situations forces the country to borrow from other countries to pay for its imports.

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पाठ 28: Balance of Trade and Balance of Payments - Exercises [पृष्ठ २९६]

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सामाचीर कलवी Commerce [English] Class 11 TN Board
पाठ 28 Balance of Trade and Balance of Payments
Exercises | Q III. 2. | पृष्ठ २९६
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