Balance of payments

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definition of balance of payments
it's a systematic record of all transactions between one country and the world
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what does the balance of payments consist of
current account, financial account and capital account
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defintion of current account
a record of a country's international flows of money. it consists of trade in goods and services
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what does a capital account consists
capital transfers, non financial asset, land for foreign embassies
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what does a financial account consists
investment, outward investment, inwards investment
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what does the balance of payments consist of

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current account, financial account and capital account

Card 3

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defintion of current account

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Card 4

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what does a capital account consists

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Card 5

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what does a financial account consists

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