BOP Full Form in Economics and in Hindi Over Full Form Planets.
So, Bop Stands For Balance of Payments and Balance of international payments.
Rather, Bop is Also Known as record of all economic transactions of a Country.
All transactions recorded in the balance of payments should be zero, as long as the capital account is widely define.
Bop Full Form in Economics
The reason is that every credit displayed in the current account has a single debit i.n the capital account, and vice versa.
So, If a country exports an item (Current Account Credit), it effectively imports foreign capital.
However, when the payment is made for that item (capital account debit).
Then, If a country can not fund its imports through the export of capital, then it should do so by running its own reserves downward.
But, This condition is often referred to as a balance of payment deficit (Read: Pubg Full Form), using a narrow definitions of capital account that excludes the central bank’s reserves.
Bop Full Form in Economics
However,it is also defines as the balance of payments and must be add from definitions to zero.
In practice, statistical discrepancies arise due to difficulty in counting each transaction correctly between an economy and the rest of the world.
Also, in the 19th century, international transactions are shown in gold, which provide some flexible to countries face trade deficits.
Probably, Growth was low, so stimulating a trade surplus was the primary way of strengthening the financial condition of a nation.
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