Balance of payments deficit and balance of payments surplus

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Explain the difference between a Balance of Payments (BOP) deficit and surplus. If a country were on a pure floating exchange rate system, would it be possible for the country to have either a BOP deficit or surplus? Explain your answer.?

Please explain the difference between Balance of Payments deficit and Balance of Payments surplus.

Then

Answer the question: If a country were on a pure floating exchange rate system, would it be possible for the coutnry to have either a BOP deficit or a BOP surplus ? Explain you answer?

Reference no: EM131863615

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