Card 1 of 24
Why does the UK current account matter for whether the country is living within its external means?
A
The UK depends on continuing foreign confidence to lend money and buy assets.
B
Investment creates UK capacity and jobs and is harder to withdraw quickly.
C
- Borrowing from abroad
- Selling UK assets to foreign owners
D
It compares UK earnings from abroad with payments to the rest of the world.
Card 1 of 24
4.2.5 Importance of the balance of payments Flashcards
24 flashcards on OCR GCSE Economics 4.2.5 Importance of the balance of payments: the key terms, formulae and calculations you need to recall for Component 01 and Component 02.