- Messages
- 40
- Reaction score
- 3
- Points
- 18
can any 1 tell the definition of balance of payment and balance of trade regarding PAkistan studies paper2 trade?
-
We need your support!
We are currently struggling to cover the operational costs of Xtremepapers, as a result we might have to shut this website down. Please donate if we have helped you and help make a difference in other students' lives!
Click here to Donate Now (View Announcement)
definiton of balance of payment and balance of trade!!
- Thread starter WOLV3RIN3
- Start date
- Messages
- 2
- Reaction score
- 0
- Points
- 0
There is a FaceBook Forum Olevel Geography. It has hell a lot of information about geography. I have got an account of one of my friends who is there added as a friend.
- Messages
- 154
- Reaction score
- 0
- Points
- 0
Ok dude here you go..
Balance of payment records all the transactions a country's residents do with the residents/firms of other countries. It includes the following accounts:
1. current account (i.e. trade in goods, trade in services, income transfers)
2. capital account
3. financial position.
Balance of trade is the difference between the net exports and net imports.
If for example the exports are worth $100 million and imports are woth $80million then BoT would be $20million surplus. and if the trading position would have been vice versa then BoP would have been $20 deficit.
Balance of payment records all the transactions a country's residents do with the residents/firms of other countries. It includes the following accounts:
1. current account (i.e. trade in goods, trade in services, income transfers)
2. capital account
3. financial position.
Balance of trade is the difference between the net exports and net imports.
If for example the exports are worth $100 million and imports are woth $80million then BoT would be $20million surplus. and if the trading position would have been vice versa then BoP would have been $20 deficit.