Balance Of Payments And Exchange Rate — Chapter Summary

Balance of Payments is a systematic

Balance of Payments is a systematic record of all economic transactions between residents of a country and residents of foreign countries during a giv

Balance of trade is the difference

Balance of trade is the difference between the value of total imports and exports of visible material goods only. It is also called the merchandise ac

Current account records imports and exports

Current account records imports and exports of goods and services and unilateral transfers. It includes visible trade, invisible trade, and transfer p

Capital account records transactions that change

Capital account records transactions that change the assets or liabilities of a country. These include foreign direct investment, portfolio investment

Visible items are export and import

Visible items are export and import of goods. Invisible items are export and import of services. Services include factor services and non-factor servi