Distinguish between balance of trade (BOT) and balance payment (BOP).

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Latest Answer: 1 month ago
In: Commerce

Distinguish between balance of trade (BOT) and balance payment (BOP).

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1 Answers

Answered By Nikita Chetry
Answer: 1 month ago

Balance of Trade (BoT) is the difference between the value of exports and imports of goods. Balance of Payments (BoP) is the difference between the total inflow and outflow of foreign exchange, includ... Read More

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