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4.1.7 Balance of payments
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Recording international transactions

Recording international transactions

Flow diagram showing a current account deficit of GBP 80bn financed by a financial account surplus of GBP 80bn, so the overall balance of payments equals zero

The balance of payments records all financial transactions between a country and the rest of the world over a period of time. It includes the current account, capital account, financial account, and net errors and omissions.

4.1.7 Balance of payments Lesson

  1. A Level
  2. /Economics
  3. /4.1.7 Balance of payments

Step-by-step lessons covering Edexcel A A Level Economics 4.1.7 Balance of payments for A Level Economics. Each lesson works through exam-style questions in Paper 1, Paper 2 and Paper 3 format. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.