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, […]
Is Balance of Payments Always in Equilibrium?
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Structure of Balance of Payments Account
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In this article we will discuss about the structure of balance of payments account. The balance of payments account of a country is constructed on the principle of double-entry bookkeeping. Each transaction is entered on the credit and debit side of the balance sheet. But balance of payments accounting differs from business accounting in one […]
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 […]