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2006-12-03 03:00:53 · 3 answers · asked by emericastreetskater 1 in Business & Finance ➔ Other - Business & Finance
http://en.wikipedia.org/wiki/Balance_of_payments
2006-12-03 03:03:10 · answer #1 · answered by kalusz 4 · 0⤊ 0⤋
Balance of Payments is the net of all the transactions made by a economy with the rest of the world for a specified time period. It consists of the transactions between a country’s residents and its non-residents including goods, services and income; financial claims on and liabilities to the rest of the world; and transfers such as gifts. There are two accounts in Balance of Payments – the current account and the capital account. The current account includes transactions in goods, services, investment income and current transfers, while the capital account mainly includes transactions in financial instruments.
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2014-01-27 04:54:39 · answer #2 · answered by Anonymous · 0⤊ 0⤋
A balance is the amount of money you owe.
2006-12-03 03:03:17 · answer #3 · answered by Anonymous · 0⤊ 0⤋