The Balance of Payments (BoP) has two main components, the Current Account; and Capital and Financial Account. Place possible sub-components of Current account or Capital and Financial account of the following: ▪ Trade balance (merchandise account) ▪ Non-financial services ▪ Foreign exchange reserves ▪ Other capital account (long term and short-term capital transfer) ▪ Investment income ▪ Unilateral transfers / unrequited transactions ▪ Central Bank Credit (CBC) ▪ Direct investment account ▪ Net errors and omissions ▪ Purchasing power parity (PP
The Balance of Payments (BoP) has two main components, the Current Account; and Capital and Financial Account. Place possible sub-components of Current account or Capital and Financial account of the following: ▪ Trade balance (merchandise account) ▪ Non-financial services ▪ Foreign exchange reserves ▪ Other capital account (long term and short-term capital transfer) ▪ Investment income ▪ Unilateral transfers / unrequited transactions ▪ Central Bank Credit (CBC) ▪ Direct investment account ▪ Net errors and omissions ▪ Purchasing power parity (PP
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter13: Open-economy Macroeconomics: Basic Concepts
Section: Chapter Questions
Problem 1QR
Related questions
Question
The Balance of Payments (BoP) has two main components, the Current Account; and Capital and Financial Account. Place possible sub-components of Current account or Capital and Financial account of the following:
▪ Trade balance (merchandise account)
▪ Non-financial services ▪ Foreign exchange reserves
▪ Other capital account (long term and short-term capital transfer)
▪ Investment income
▪ Unilateral transfers / unrequited transactions
▪ Central Bank Credit (CBC)
▪ Direct investment account
▪ Net errors and omissions
▪ Purchasing power parity (PPP)
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
Brief Principles of Macroeconomics (MindTap Cours…
Economics
ISBN:
9781337091985
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Brief Principles of Macroeconomics (MindTap Cours…
Economics
ISBN:
9781337091985
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning