In summary, the balance of payments is a country's record of all transactions between its residents and the residents of all other foreign nations. The current account, financial and capital account make up the balance of payments. The current account is primarily concerned with flows...
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Video: What Is a Current Account? - Definition & Examples Video: Balance of Payments Video: Mechanisms for Adjusting Balance of Payments Video: Trade Balance | Definition, Formula & Examples Video: Cobb-Douglas Production Function | Formula, Equation & Example Catherine...
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