what is bop and its components 
the bop is all transactions between entities in one country and the rest of the world over some time there are three key bop components including the current account capital account and financial account the current account must balance the capital and financial accounts the bottom linethe bop is a summary of the money entering and exiting a country over a period of time it provides critical data that can be used to set economic policies and priorities and the effect of those policies will in turn influence the bop over time 