Balance of payments
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What the balance of payments measures

What the balance of payments measures

Schematic of balance of payments with current, capital and financial accounts, and current account split into goods, services, primary income and secondary income The balance of payments is the record of all economic transactions between residents of one country and the rest of the world over a period of time. It includes trade, income flows, transfers, and financial flows.

Balance of payments Lesson

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