Balance of payments 2.1.4 unit 36 Flashcards
1
Q
What is the balance of payment account?
A
It is a record of all financial dealings over a period of time between economic agents of one country and all other countries.
2
Q
What is the balance of trade?
A
The value of visible exports minus visible imports.
3
Q
What are the capital and financial payment?
A
It is that part of the balance of payments accounts where flows of savings, investment and currency are recorded.
4
Q
What is the currents account?
A
It is that part of the balance of payments account where payments for the and sale of goods and services are recorded.
5
Q
What is the currents balance?
A
The difference between the value of total exports (both goods and services) and total imports.
