Balance Of Payments And Exchange Rate
ICSE · Class 12 · Economics
All formulas from Balance Of Payments And Exchange Rate in ICSE Class 12 Economics. Key equations, constants, and identities for board exam preparation.
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Formulas
4. Current Account
Current Account Balance = Balance of visible trade + Balance of invisible trade + Balance of unilateral transfers
Balance of Current Account = Balance of Trade (BOT) + Balance of Services (BOS) + Net factor income from abroad (NFIA) + Net Current Transfers (NCT)
Receipts on current account > Payments on current account
Receipts on current account < Payments on current account
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