Notes>International Economics>3.3. Balance of Payments

Definitions   Balance of payments account is a record of the value of all the transactions between the residents of one country with residents of all other countries over a given period of time, usually a year. Current account is measure of the flow of funds from...

Balance of payments: records financial transactions made between consumers, businesses and the government in one country with others The BOP figures tell us about how much is being spent by consumers and firms on imported goods and services, and how successful firms...