BOPS
Definition
BOPS stands for Balance Of Payments Surplus. It is an economic term referring to a situation where a country exports more goods or services than it imports over a certain period.
Analogy
Imagine you're selling lemonade at your stand while also buying cookies from your friend's stand across street. If you sell more cups of lemonade than cookies you buy from your friend each day, then you have what we call a 'lemonade stand surplus' - similar to how countries have balance of payments surplus when they export more than they import!
Related terms
Trade Deficit: An economic measure of international trade where a country's imports exceed its exports.
Current Account Balance: The sum total of all transactions including imports/exports, income and current transfers.
Foreign Exchange Reserves: The deposits of a foreign currency held by a central bank.
"BOPS" appears in:
Study guides (1)
Practice Questions (1)
- What is the acronym BOPS used for in the context of the Great Depression?
Resources
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