Determining total receipts-Balance of Payment
When Balance of payment of a country is Rs (-) 100 crores and total payment are Rs 500 crores. Determine its total receipts.
Expert
Balance of Payment = Total receipts - Total payments Total receipts = Total Payment + BOP =500 + (-100) =500 – 100 = 400
Describe the meaning of deficit in BOP: Whenever autonomous foreign exchange payments surpass autonomous foreign exchange receipts, the difference is termed as balance of payments deficit.
Balance of payment Accounts: It is the systematic record of all economic transactions among the residents of a country and rest of the world in a specified period (1-year) of time.
Which transactions find out the balance of trade? When the balance of trade is in surplus?
Induced investment: It is a type of investment that is of profit motive in nature.
I have a problem with the satement “Things will look excellent for the US if we could just get to where we are consistently executing a positive Balance of Payments.” Can someone in short comment on this statement?
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