Question
Balance of trade and Balance of payment
Answer :
Word Count : 154
| Basis | Balance of Trade (BoT) | Balance of Payment (BoP) |
|---|---|---|
| Definition | It is the difference between the value of a country's exports and imports of goods only over a period. | It is a comprehensive record of all economic transactions between residents of a ___ __________ ___ _________ ______ __________. __________ __________ _________ _____ ________ ____ ______ _____ ___. _________ _______ ___ ________ ____ _____ _________ _________ ____ _________ _______. ____ __________ _________ _____ ____ ________. ____ _____ ________ __________ _____ _____ ______ __________ ____ _____ _________. _________ ________ __________ ____ _________ __________ ____ ______ _____. __________ ______ _____ __________ ___ _____ ____ _____ _______ ________. _______ __________ _______ __________ ________ ___ _________ _______ ________ ______ __________ __________. ________ _________ ____ _____ _______ _____ ______ ________ ________ ____. _______ ___ __________ _______ _________ _____ __________ _____ _______ ______. __________ ________ _______ __________ ________ _______ __________ ________ ______. ________ __________ _____ _____ ____ ________ ________ __________ ____. _________ ______ ________ _____ __________. IGNOU ACADEMY Your IGNOU journey, made easier.
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