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What do you mean by Balance of payments? - Economics

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Questions

What do you mean by Balance of payments?

What is balance of payments?

Very Short Answer
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Solution

Balance of payment refers to a systematic record of all economic transactions between the residents of one country and the residents of foreign countries during a particular period of time.

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Chapter 28: Balance of Trade and Balance of Payments - Exercises [Page 296]

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Samacheer Kalvi Commerce [English] Class 11 TN Board
Chapter 28 Balance of Trade and Balance of Payments
Exercises | Q II. 1. | Page 296
R. K. Lekhi and P. K. Dhar Economics [English] Class 12 ISC
Chapter 27 Balance of Payments
TEST QUESTIONS | Q A. 1. | Page 27.13
R. K. Lekhi and P. K. Dhar Economics [English] Class 12 ISC
Chapter 27 Balance of Payments
TEST QUESTIONS | Q B. 1. (i) | Page 27.14
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