What Is A Bop Deficit And How Can It Be Corrected?


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Muhammad . answered
BOP means Balance of Payments. It means that how much amount is due on a country and how much amount it has to take from others. If the payment is greater then the receiving amount then it is a deficit. It can be controlled by saving and by limiting the needs of the country. In this way Zimbabwe can control its deficit in Balance of Payments.

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