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ECONOMICS > 14.2: Trade Restrictions > Flashcards

14.2: Trade Restrictions Flashcards

1
Q
  • Balance of payments (BOP) is a…
A

A double-entry bookkeeping system that summarizes a country’s economic transactions with the rest of the world for a particular period of time, typically a calendar quarter or year.

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2
Q

BOP accounts are:

A

Current account
Capital account
Financial account

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3
Q

Current account represents … ?

A

The flows related to goods and services.

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4
Q

Capital account represents … ?

A

Acquisition and disposal of non- produced, non-financial assets.

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5
Q

Financial account represents … ?

A

Investment flows.

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ECONOMICS (17 decks)

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