Balance Of Payment (BOP) Exam Questions With Solutions
Balance Of Payment (BOP) Exam Questions With Solutions Balance of payments a record of the transactions that a country has with the rest of the world components of BOP accounts 1) the current account -balance of trade: 1. trade in goods-the trade(exports and imports) in visible goods 2. trade in services- the trade in invisble goods 3. income flows-net investment income e.g. profits, interest payments, dividends on shares 4. current transfers: the net transfers of money by governent and individuals e.g. grants for overseas, migrantworkers' remittances sent back to their own countries
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balance of payment bop exam
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