EXPLAIN THE INTERNATIONAL BALANCE OF PAYMENTS (BOP) AND THE REASON FOR ITS USE.

Do the following to complete this assignment:

Explain the international balance of payments (BOP) and the reason for its use.
Examine how surpluses and deficits in the balance of payments (BOP) affect exchange rates.
Explain the balance of payment (BOP) summary accounts and the process through which surpluses and deficits are tracked through their use.
Provide an example by creating a balance of payment summary account sample, including a surplus or deficit.

Write a 2–3-page paper in Word format. Utilize at least three scholarly sources in your research. Make sure you write in a clear, concise, and organized manner; demonstrate ethical scholarship in accurate representation and attribution of sources; display accurate spelling, grammar, and punctuation. Use the APA format.

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