What is the full form of "BoP"?
Balance of Payments
Bill of Process
Balance Of Power
Business Owner's Policy
View Answer
Correct Answer: A — Balance of Payments
Explanation:
The balance of payments (BOP) is an accounting of a country's international transactions for a particular time period. Any transaction that causes money to flow into a country is a credit to its BOP account, and any transaction that causes money to flow out is a debit.
