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Questions and Answers
Which sector's trades are accounted for in the Balance of Payments (BOP)?
Which sector's trades are accounted for in the Balance of Payments (BOP)?
- Both private and public sector trades (correct)
- Only public sector trades
- Only private sector trades
- Only international sector trades
How often is the BOP usually calculated?
How often is the BOP usually calculated?
- Every quarter (correct)
- Every month
- Every 5 years
- Every year
What is the term used for a transaction where a country has received money?
What is the term used for a transaction where a country has received money?
- Surplus
- Deficit
- Debit
- Credit (correct)
What is the term used for a transaction where a country has paid or given money?
What is the term used for a transaction where a country has paid or given money?
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What should the BOP theoretically be?
What should the BOP theoretically be?
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