Write a 200 word paper that analyses and thenexplains the importance of the Balance of Payments between nations.Be sure to address how this relates to peopleseeking to expand international trade

Question:
Explains the importance of the Balance of Payments between nations and how this relates
to people seeking to expand international trade?
Solution:
Balance of payment commonly known as BOP, is the systematic recording of the economic
transactions taking place between two countries during a specified period of time. The
transactions are monetary in nature and present a classified record of a...