Theme 2: Balance of payments Flashcards by Sacha Hymanson

Q

What does the Current account record

A

Imports
Exports
Income (money sent or received from abroad)
International transfers

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Q

What does the Financial account record

A

Foreign direct investment (FDI)
Portfolio investment (Stock market or money lending)
Reserves (where countries foreign currencies and
gold are managed)

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Q

What are visibles and invisibles

A

Visibles are goods Invisibles are services

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