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GCSE Economics > Lesson 28- Balance of payments on the current account > Flashcards

Lesson 28- Balance of payments on the current account Flashcards

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1
Q

Define the BOP

A

An account of transactions between one country and the rest of the world during a year.

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2
Q

What is the BOP divided into?

A

Current account
Capital account

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3
Q

Define current account

A

The differences between the balance of exports and imports of goods and services.

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4
Q
A
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GCSE Economics (42 decks)

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