Asked by
Benjamin Reier
on Nov 12, 2024
Verified
The balance of payments is also called the balance-of-economic transactions.See 20-1: Balance of Payments
Balance of Payments
A comprehensive record of all economic transactions between residents of a country and the rest of the world during a specific period.
Balance-of-Economic Transactions
A record of all economic transactions between residents of a country and the rest of the world during a particular period, including trade, investments, and financial transfers.
- Comprehend the relevance and mathematical determination of the balance of payments and its constituents.
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JG
Learning Objectives
- Comprehend the relevance and mathematical determination of the balance of payments and its constituents.