BOP Flashcards
1
Q
List me 4 elements of the Balance of Payment
A
1 Trade Balance in Goods 2. Trade Balance in Services. 3. Primary Income 4. Secondary Income
2
Q
What’s Primary Income
A
Incomes from interests, profits and dividends generated from foreign investment
3
Q
What’s secondary income
A
Military Aid, overseas Aid
4
Q
What does Import> Exports mean
A
Current Account Deflict
5
Q
What does Export>Import mean?
A
Current Account Surplus
