JC Economics Tuition Notes
Balance of Payment
H2 Economics Only
Our economics tuition will feature the study of the Balance of Payment, which records the economic transactions between a country and the rest of the world in a given period of time, usually a year. The Balance of Payment comprises of several features, like the current account and capital account. For instance, any changes in the balance of trade will be recorded in the current account, which affects the balance of payment equilibrium. Any changes in the balance of payment will then impact the foreign exchange.
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