Question

Balance of Payments on Current Account and Balance of Payments on Capital Account

20 Feb 2025
Answer :
Word Count : 205
AspectBalance of Payments on Current AccountBalance of Payments on Capital Account
DefinitionRecords transactions related to trade in goods, services, and income.Records transactions related to capital transfers and financial assets.
Nature of TransactionsDeals with short-term, regular transactions affecting national income.Deals with long-term financial transactions impacting asset ownership.
Impact on EconomyReflects a country’s trade position and _______ _______ ____ _______ ___ _________.
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