ECONOMICS
BALANCE OF PAYMENTS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Surplus in BOP occurs when
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Receipts = payments
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Receipts < payments
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Receipts > payments
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All the time
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Explanation:
Detailed explanation-1: -A Surplus in the BOP occurs when Total Receipts exceeds Total Payments. Thus, BOP= CREDIT>DEBIT. A Deficit in the BOP occurs when Total Payments exceeds Total Receipts.
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