Balance Of Payments Flashcards
(4 cards)
1
Q
What is the current account
A
The trade of goods and services
2
Q
What is capital flow
A
Where money comes from or goes to as a result of current account transactions
3
Q
What does the capital flow invest in
A
U.K. Companies
U.K. Saving bonds
U.K. Assets
4
Q
What is the balance of payments
A
Imports minus exports
