The Balance of Payments and Exchange Rates (Edexcel A-Level Economics A): Flashcards
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Practise the cards
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Balance of payments
Balance of payments
Record of all economic transactions with rest of world
Three main BoP accounts
Three main BoP accounts
Current account, financial account, capital account
Current account records
Current account records
Transactions in goods & services, plus income flows
Financial account records
Financial account records
Changes in ownership of financial assets & liabilities
Capital account records
Capital account records
Capital transfers & non-produced, non-financial assets
FDI outward
FDI outward
UK investors making investments overseas
FDI inward
FDI inward
Overseas investors purchasing assets in UK
Current account deficit matched by
Current account deficit matched by
Surplus on financial account
International investment position
International investment position
Balance sheet of external assets & liabilities
Largest item in capital account
Largest item in capital account
Flows of capital associated with migration