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Balance Of Payments Flashcards, test questions and answers

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We've found 7 Balance Of Payments tests

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Matthew Carle
152 terms
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Alden Wolfe
25 terms
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Lewis Edwards
35 terms
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Jay Barber
22 terms
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Mya Day
35 terms
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Karlie Mack
114 terms
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Introduction to Business chapter 3 ; 4 Key Terms – Flashcards 22 terms
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William Jordan
22 terms
When comparing a nation’s balance of trade with its balance of payments, it is important to realize that
The balance of payments includes the balance of trade, but it also includes other financial flows such as foreign borrowing and lending
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Which term refers to the pattern of short-term ups and downs in an economy? A)aggregate output B)balance of payments C)standard of living D)business cycle E)demand and supply schedule
D)business cycle
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How much will Balance of Payments come to?
They always equal to zero.
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the balance of payments includes the balance of trade but it also includes other financial flows such as foreign borrowing and lending
When comparing a nation’s balance of trade with its balance of payments, it is important to realize that ?
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the largest factor in a countries balance of payments is its ___________.
import export balance
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Balance of payments surplus
more money into a country than out
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Balance of payments is best defined as:
The system of accounts that records a nation’s international financial transactions.
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What is the significance of balance of payments figures?
A nation’s balance-of-payments statement records all financial transactions between its residents and those of the rest of the world during a given period of time—usually one year. Each of the nation’s financial transactions with other countries is reflected in its balance of payments. A nation’s balance-of-payments statement presents an overall view of its international economic position and is an important economic measure used by treasuries, central banks, and other government agencies whose responsibility is to maintain external and internal economic stability. A balance of payments represents the difference between receipts from foreign countries on one side and payments to them on the other.
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