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where the balance of current account is transfer in balance of payment?
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where the balance of current account is transfer in balance of payment...
The balance of payments (BOP) is the place where countries record their monetary transactions with the rest of the world. Transactions are either marked as a credit or a debit. Within the BOP there are three separate categories under which different transactions are categorized: the current account, the capital account, and the financial account. In the current account, goods, services, income and current transfers are recorded. In the capital account, physical assets such as a building or a factory are recorded. And in the financial account, assets pertaining to international monetary flows of, for example, business or portfolio investments, are noted. In this article, we will focus on analyzing the current account and how it reflects an economy's overall position.
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where the balance of current account is transfer in balance of payment? Related: Chapter Notes - Balance Of Payments And Foreign Exchange Rate, Class 12, Economics
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