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Balance of payments

The balance of payments records economic transactions between a country’s residents and [     ] over [     ].

A

The balance of payments records economic transactions between a country’s residents and the rest of the world over a period of time.

B

The balance of payments records economic transactions between a country’s residents and foreign governments over a period of time.

C

The balance of payments records economic transactions between a country’s residents and the rest of the world over a single point in time.

D

The balance of payments records economic transactions between a country’s residents and the country’s government over a single point in time.

Balance of payments Flashcards

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

Flashcards for OCR A Level Economics Balance of payments, covering the key terms, economic models and case studies you need to recall for Component 01, Component 02 and Component 03. 24 cards, matched to the OCR A Level Economics (H460) specification. Recall questions account for roughly 25% of marks at A Level Economics, so these target the marks you can secure before the paper starts.