Balance of payments Flashcards
1
Q
Current account
A
Trade in goods
Trade in services
Income flows
Current transfers of money
1
Q
Balance of payments
A
Record of all international financial transactions by a country over a given period of time
2
Q
Balance of trade
A
Trade in goods
Trade in services
3
Q
Capital account
A
Credit and debits, inflows and outflows of funds, associated with the purchase and sale of fixed assets
4
Q
Financial account
A
Inflows and outflows of money associated with financial investment or deposits in banks or other financial institutions
Foreign direct investment
Financial flows: bonds, shares, derivatives
Flows to and from reserves
