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The function and object of business is to make balance of payment favourable by increasing exports and decreasing imports, because this position makes the country prominent in the world
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Are late fees removed from the balance when paid with a regular payment?
Yes, for most loans. For most loans, the late fee is added to the minimum payment required (and the balance at the time of incurring the late fee) and will be deducted from the balance once the payment is received.
What is meant by Payment by documents through bank?
Payment by documents through your bank is how you have made your payment. The document could be your check.
What are the different methods of controlling balance of payment disequilibrium?
which of the following methods is effective in controlling balance of payments ?
Why is your minimum payment equal to the total balance due?
Because you owe them one minimum payment at the time of the invoice.
Why are governments interested in the balance of payment?
Obviosly to know the economic rate
What is the difference between favourable and unfavourable balance of payment?
when import of a country decrease and export increase it is known as favourable balance of of payment and vice versa
What is meant by a current account deficit on balance of payment?
it is down
What do you mean by structural disequilibrium in bop?
structural disequilibrium denotes change in the economic structure of any state where the balance of payment was previously favourable.
What does Debit Balance in passbook means?
Debit balance in pass book means, favourable balance in bank Account.
Advantages and disadvantages of balance of payment?
advantages of balance of payment
Advantages and disadvantage of balance of payment?
advantages of balance of payment
India's balance of payment since 1991?
India's balance of payment since 1991
Does the balance of payment always balance?
International Balance of Payments
What is meant by debit balance of a party?
What is meant by debit balance of a party?
Elements of balance of payment?
Trade in goods Trade in service Imports and Transfer are the 4 main element of the balance of payment.
What is balance of trade and payment?
Balance of payment is the difference between the money coming into the country and the money leaving the same country.
What are the effect of deficit in balance of payment in developing countries like Nigeria?
ways of controlling deficit balance of payment in nigeria
