In this article we will discuss about Balance of Payments in India:- 1. Meaning of Balance of Payment Accounts 2. The Concept of Balance of Payments 3. Features 4. Balance of Payments Always Balance 5. Disequilibrium in Balance of Payments. Meaning of Balance of Payment Accounts: The circular flow of economic activities under a four […]
Balance of Payments in India: Meaning, Concept, Features and Disequilibrium
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Is Balance of Payments Always in Equilibrium?
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Get the answer of: Is Balance of Payments Always in Equilibrium? Balance of payments always balances means that the algebraic sum of the net credit and debit balances of current account, capital account and official settlements account must equal zero. Balance of payments is written as: B = Rf-Pf where, B represents balance of payments, […]
Balance of Trade and Balance of Payments
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The balance of payments of a country is a systematic record of its receipts and payments in international transactions in a given year. Each transaction is entered on the credit and debit side of the balance sheet (see Table 1). The principal items on the credit side are: (1) Visible exports which relate to the […]