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balance of payments always balances.explain?

It always balances in the ACCOUNTING SENSE, where the double entry system is followed and where the debit side alays equals the credit side. However in economic sense, 3 things can happen:

1. Surplus BOP: ReceiptsPayments

2. Balanced BOP: Receipts=Payments

3. Deficit BOP: Receipts

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No you cannot say bop only describe balances only bop is a systematic record of economics transactions between resident of a country and rest of world so this a record of transactions not show balance only.
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