5 Questions
Which sector's trades are accounted for in the Balance of Payments (BOP)?
Both private and public sector trades
How often is the BOP usually calculated?
Every quarter
What is the term used for a transaction where a country has received money?
Credit
What is the term used for a transaction where a country has paid or given money?
Debit
What should the BOP theoretically be?
Zero
Test your knowledge on the balance of payments (BOP) with this quiz! Learn about how countries monitor international monetary transactions and determine the flow of money in and out of a country. Discover the term used when a country receives money in the BOP.
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