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From course:

Economics A Level (DONEEEEEEE)

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Question:

What are the 4 Sections to the Current Account? [Main Part of the Balance of Payments]

Author: eric_galvao



Answer:

1. Trade in Goods - The Visible Trade. [Cars, Computers..] 2. Trade in Services - The Invisible Trade [Tourism, Insurance..] 3. International Flows of Income made in Salaries, Interest, Profit and Dividend. [Interest on an Account held in a Foreign Nation] 4. Transfer of Money from 1 Person, or Government, to Another [Foreign Aid, Remittances]


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