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What the balance of payments measures

What the balance of payments measures

Flow diagram showing the balance of payments with the current account highlighted and labelled components: trade in goods, trade in services, net income, and net transfers

International trade means buying and selling goods and services between countries. Exports bring money into the UK, while imports send money out.

Balance of payments Lesson

  1. GCSE
  2. /Economics
  3. /Balance of payments