2. What do you mean by Balance of Payments? Explain
the relationship between the balance of payments and the
exchange rates of a country, giving suitable illustrations
in support of your answer.
- 4 Answers
- 10095 Views
- I also Faced
- E-Mail Answers
Answer Posted / ritu modi
The balance of payments (BOP) measures the Receipts &
payments that flow between any individual country and all
other countries over a period, normally over a financial
year. It is used to summarize all international economic
transactions including trade, services, debts,Investments
for that country during the specified period. The BOP is
determined by the balance of the country's exports and
imports of goods, services, and financial capital, as well
as financial transfers. It reflects all payments and
liabilities to foreigners (debits) and all payments and
liabilities from foreigners (credits). Balance of payments
is one of the major indicators of a country's status in
international trade, with net capital outflow.
The balance, like other accounting statements, is prepared
in the domestic currency. Foreign assets and flows are
valued at the exchange rate prevailing at the time of the
transaction.
Thank you for your question.
| Is This Answer Correct ? | 12 Yes | 2 No |
Post New Answer View All Answers
1. What is Kitting? 2. What is Bin location? 3. What is the diff between Inside Sales person and Outside Sales person?
what is csr? d form
where do i get c form in hyd for my factory.and what do i need for that.
Can any body explain about man and machine calculation? especially in pharma sector.
why u have not worked anywhere for 3 years
can anyone help me out with names of 3 leading 1)logistics companies 2) supply chain companies in the world
where ESI applicable in Industrial area , WC can be taken from general insurance companies, if so will it be valid ?
What is non moving items?
State the basic elements of an export sales contract.
What experience have you had in developing a marketing strategy?
Tell us about your experience in licensing.
What do you mean by balance of payments?
Local 5 % vat are applicable at stock transfer note Example my factory are placed on pithampur indore and our stockiest placed at dewas naka indore
what are the key tasks for production planner?
Assume that I am a potential corporate partner. Tell me on the benefits of the Industrial Research Office with 3 bullet points.
