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List and explain the three major components of the balance of payment accounts.

      

List and explain the three major components of the balance of payment accounts.

  

Answers


sharon
a.) The balance of payments of current account
This is the difference between the total value of exports and imports for both invisible and visible goods.
b.) Balance of payment on capital account
The difference between the value of capital receipts and the value of capital payments.
c.) The official settlement Account
This is the account that summarizes the financial transitions between a country’s central bank and other countries through the international Monetary Fund (IMF).
sharon kalunda answered the question on February 19, 2019 at 10:02


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