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4 Cards in this Set
- Front
- Back
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What does the balance of payments measure |
A record of all payments or financial transactions between a country or other economies over a given period of time |
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What does the current account do |
International transfers of capital for things such as trade for goods and services and any income that comes into households |
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What does the financial account do |
Tracks the ownership of assets held by foreigners and ownership of foreign assets ( something u own that brings you wealth ) |
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Capital account |
Transfer of assets which don’t yield income and debt forgiveness |
