The Structure of the Balance of Payments
All monetary transactions betwin the residents of a country and the rest of the world during a given period of time are recorded in the balance of payments in a country.
the balance of payments consist of:
Visible Exports - Visible imports = Balace of trade (A)
Invisible Exports - Invisible Imports = Balance of services (B)
Balance on Income (C)
Net Curent Transfers (D)
Current Account Balance/ Balance of payments = A + B + C + D
Visible Exports - Visible imports = Balace of trade (A)
Invisible Exports - Invisible Imports = Balance of services (B)
Balance on Income (C)
Net Curent Transfers (D)
Current Account Balance/ Balance of payments = A + B + C + D
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