A Country’s Balance Of Payments On Financial Account Is The
A Balance of payments (BOP) sheet is an accounting record of all monetary transactions between a country and the rest of the world. [1] These transactions include payments for the country’s exports and imports of goods, services, and financial capital, as well as financial transfers. The BOP summarises international transactions for a specific period, usually a year, and is prepared in a single currency, typically the domestic currency for the country concerned. Sources of funds for a nation, such as exports or the receipts of loans and investments, are recorded as +ve or surplus items. Uses of funds, such as for imports or to invest in foreign countries, are recorded as a -ve or deficit item. plans to address global imbalances are now high on the agenda of policy makers for 2010. The balance of payments is an accounting of a country’s international transactions over a certain time period, typically a calendar quarter or year.