Balance Of Payments
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Last updated 11:10 AM on 9/20/25
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6 Terms
1
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Balance of payments
A systematic record of all economic transactions between residents of a country and the rest of the world
2
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Current Account
Trade in goods
Trade in services
Primary income flows
Current transfers
3
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Capital transfers
Movement of money in and out of the country by emigrants and immigrants of a capital nature
4
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Financial account
Direct investment flows
Portfolio
Hot money/other investments
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Unrecorded transactions
Accounts for errors and omissions
6
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Official reserves account
Sum of all balances give us the change in gold and foreign reserves
Note 
Flashcards (39)