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Card 1 of 24

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 country’s government over a single point in time.

B

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

C

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

D

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

Card 1 of 24

Balance of payments Flashcards

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

24 flashcards on OCR A Level Economics Balance of payments: the key terms, economic models and case studies you need to recall for Component 01, Component 02 and Component 03.

Flashcards