What is the full form of "BoP"?
A. Business Owner's Policy
B. Balance of Payments
C. Balance Of Power
D. Bill of Process
Answer: Option B
Solution(By Examveda Team)
The balance of payments (BOP) is an accounting of a country's international transactions for a particular time period. Any transaction that causes money to flow into a country is a credit to its BOP account, and any transaction that causes money to flow out is a debit.This Question Belongs to Abbreviations >> Banking Abbreviations
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