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sergeinik [125]
2 years ago
10

What are foreign balance payments and why are they important

History
2 answers:
9966 [12]2 years ago
5 0

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:

Bess [88]2 years ago
5 0

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.

HOPE THIS HELPS

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I hope this helps

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