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2.1.4 Balance of payments

What are the four components of the current account?

A

Exports, imports, foreign exchange reserves and government borrowing.

B

Trade in goods, trade in services, primary income and secondary income.

C

Trade in goods, trade in services, direct taxation and indirect taxation.

D

Trade in goods, trade in services, capital investment and financial investment.

2.1.4 Balance of payments Flashcards

  1. A Level
  2. /Economics
  3. /2.1.4 Balance of payments

Flashcards for Edexcel A A Level Economics 2.1.4 Balance of payments, covering the key terms, economic models and case studies you need to recall for Paper 1, Paper 2 and Paper 3. 27 cards, matched to the Edexcel A A Level Economics (9EC0) specification.