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Question
Why is Balance of payment prepared?
Solution
Balance of payment help in framing monetary, fiscal and trade policies of country. Government keenly observes balance of payment position of its important trade partners in making policy decisions. It reveals whether a country produces enough economic output to pay for its growth.
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RELATED QUESTIONS
Statements incorrect in relation to Balance of Trade:
- It is also referred to as international trade balance.
- Trade surplus arises when export value is greater than import value.
- Trade deficit takes place when import value is greater than export value
- Balance of trade includes value of imports and exports of visible goods only
The Statement which discloses a record of transactions between the residents of one country and residents of foreign country.
Balance of payments surplus indicates ______.
What do you mean by Balance of payments?
What does Balance of payment disclose?
Distinguish between the following:
Internal trade and International trade.
Distinguish between the following:
Balance of payments and Balance of trade.
Balance of payments and Balance of trade.
Distinguish between the following:
Balance of payments and Balance of trade.
Distinguish between the following:
Balance of payments and Balance of trade.
