Course review
Review each learning objective in this topic, then open its concept explanation or question set.
Learning objective
• Balance of payments records credit and debit items • Accounts can show surpluses or deficits • Calculation: elements of the balance of payments from data
Start with the concept explanation, then practise to create mastery evidence.
Learning objective
• Current account includes trade in goods, trade in services, income, and current transfers • Capital account includes capital transfers and transactions in non-produced non-financial assets • Financial account includes FDI, portfolio investment, reserve assets, and official borrowing
Start with the concept explanation, then practise to create mastery evidence.
Learning objective
• The balance of payments has an overall zero balance • Credits are matched by debits • Deficits are matched by surpluses
Start with the concept explanation, then practise to create mastery evidence.