Question

what are foreign balance payments and why are they important

Answer 1

Answer:

Since the BOP essentially serves as the financial ledger and source of truth around a country's financial transactions on all fronts, you can imagine that it is incredibly important. The BOP can reveal the economic health of a nation and help economists postulate its future economic landscape.

Explanation:

Answer 2

Answer: Why is Balance of Payments important for a country?

Since the BOP essentially serves as the financial ledger and source of truth around a country's financial transactions on all fronts, you can imagine that it is incredibly important. The BOP can reveal the economic health of a nation and help economists postulate its future economic landscape.

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