Beruflich Dokumente
Kultur Dokumente
Presented By Divye (14) Ishan (17) Jagat (20) Tarun (50) Molshri (61)
Balance Of Payments
Balance of payments (BOP) accounts are an accounting record of all monetary transactions between a country and the rest of the world.
These transactions include payments for the country's exports and imports of goods, services, financial capital, and financial transfers.
Sources of fund includes ; Export of goods & services Investment & Interest earning Unilateral Transfer received from Abroad & Loans from foreigners. Uses of fund includes ; Imports of goods & services Dividend paid to foreign investors Transfer payment abroad & loans to foreigners Increase in reserve assets.
Balance Of Payments
Three Major Accounts: a. Current Account b. c. Capital Account Official Reserves Account
Current Account
The Current Account includes all international economic transactions with income or payment flows occurring within one year, the current period. It consists of the following four subcategories:
Goods trade and import of goods Services trade Income Current transfers
The Current Account is typically dominated by the first component which is known as the Balance of Trade (BOT) even though it excludes service trade.
Capital Account
The Capital Account of the balance of payments measures all international economic transactions of financial assets. It is divided into two major components:
The Capital Account The Financial Account
The Capital Account is minor (in magnitude), while the Financial Account is significant.
REPRESENTS
Deficit Surplus
Current Account
BOP STATEMENT