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Balance of payments

[     ] bring money into the UK; [     ] send money out of the UK.

A

Imports bring money into the UK; exports send money out of the UK.

B

Income flows bring money into the UK; transfers send money out of the UK.

C

Exports bring money into the UK; imports send money out of the UK.

D

Transfers bring money into the UK; income flows send money out of the UK.

Balance of payments Flashcards

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

Flashcards for OCR GCSE Economics Balance of payments, covering the key terms, formulae and calculations you need to recall for Component 01 and Component 02. 23 cards, matched to the OCR GCSE Economics (J205) specification. Recall questions account for roughly 35% of marks at GCSE Economics, so these target the marks you can secure before the paper starts.

Flashcards