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.
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.
