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2.1.4 Balance of payments
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The balance of payments and current account

The balance of payments and current account

The balance of payments records all transactions between a country and the rest of the world. It consists of three main accounts: the current account, the capital account and the financial account. The current account is commonly used to assess external economic performance because it records trade and income flows.

2.1.4 Balance of payments Lesson

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

Step-by-step lessons covering Edexcel A A Level Economics 2.1.4 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.