Definition Of Balance Of Payment

Balance of payments definition is a summary of the international transactions of a country or region over a period of time including commodity and service transactions capital transactions and gold movements.

Definition of balance of payment. The current account is composed of merchandise trade services income receipts and one way transfers such as. Or bop of a country is the difference between all money flowing into the country in a particular period of time e g a quarter or a year and the outflow of money to the rest of the world these financial transactions are made by individuals firms and government bodies to compare receipts and. The bop calculation goes beyond merely subtracting outflows from inflows. Balance of payment.

Balance bal ans an instrument for weighing. Acid base balance see acid base balance. The balance of payments also known as balance of international payments and abbreviated b o p. Balance of payment bop of ac country can be defined as a systematic statement of all economic transactions of a country with the rest of the world during a specific period usually one year.

Balance of payments refers to the recording of all economic transactions of a given country with rest of the world each country has got to enter into economic transactions with other countries of the world as a result of such transactions it receives payments to other countries balance of payments is a statement of accounts of these receipts and payments. Negative balance a state in which the amount of water or an electrolyte excreted from. Usually the bop is calculated every quarter and every calendar year. The balance of payments is the record of all international trade and financial transactions made by a country s residents.

Balance on goods and services d difference between exports and imports of goods and services. It is actually composed of three sub accounts. The balance of payments bop is a statement of all transactions made between entities in one country and the rest of the world over a defined period of time such as a quarter or a year. The balance of payments has three components the current account the financial account and the capital account current accounts measure international trade net income on investments and direct payments.

The current account the capital account and the financial account each of which have their own types of inflows and outflows. Trade deficit d unfavorable balance of trade x m trade surplus d favorable balance of trade x m capital account d summarizes purchases or sales of real or financial assets and monetary flow that follow. Analytical balance a balance used in the laboratory sensitive to variations of the order of 0 05 to 0 1 mg.