College Essays:Explain the international balance of payments (BOP) and the reason for its use.Examinehow surpluses and deficits in the balance of payments (BOP) affect exchange rates.Explain the balance of payment (BOP) summary accounts and the process through which surpluses and deficits are tracked through their use.

College Essays:Explain the international balance of payments (BOP) and the reason for its use.Examinehow surpluses and deficits in the balance of payments (BOP) affect exchange rates.Explain the balance of payment (BOP) summary accounts and the process through which surpluses and deficits are tracked through their use.

  1. Explain the international balance of payments (BOP) and the reason for its use.Examinehow surpluses and deficits in the balance of payments (BOP) affect exchange rates.Explain the balance of payment (BOP) summary accounts and the process through which surpluses and deficits are tracked through their use.
  2. Provide an example by creating a balance of payment summary account sample, including a surplus or deficit.
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