Balance of Trade, Capital Account, Financial Account, Current vs. Capital Account, BOP vs. BOT
Contents
What you’ll learn
- What is meant by Balance of Trade and Balance of Invisible Trade?
- What is meant by Capital Account and Financial Account?
- What is the difference between Current Account and Capital Account?
- What is the difference between Balance of Payments and Balance of Trade?
- What is the difference between Capital Account and Balance of Trade?
Requirements
- Basic understanding of economic principles such as supply and demand, inflation and interest rates
Description
- What is meant by Balance of Trade?
- What are the three scenarios of balance of trade?
- What is meant by Trade Surplus?
- What is the meaning of Negative balance of trade?
- What is meant by Zero BOT?
- What is meant by Balance of Invisible Trade?
- What is the formula to calculate Balance of Invisible Trade?
- What are the three scenarios in respect of Balance of Invisible Trade? Discuss each briefly.
- What is the meaning of Balance of Payments?
- What is meant by Balance of Trade?
- What are the various differences between Balance of Payments and Balance of Trade?
- BOP is a wider concept and BOT is a narrower concept. Do you agree? Comment.
- What is the meaning of Capital Account?
- What is meant by Balance of Trade?
- What are the various differences between capital account and balance of trade?
- Which type of transactions are recorded in the capital account of Balance of Payments?
- What is meant by non-produced and non-financial assets in Capital Account?
- What is meant by Capital Transfers in Capital Account?
- What is the difference between Current Account and Capital Account in Balance of Payments?
- What is meant by Financial Account in Balance of Payments?
- Which type of transactions are recorded in Official Reserve Account?
Who this course is for:
- Students and any individual who enjoys learning about various concepts of economics
