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by wood12 on February 8th, 2010
Balance of payments-A system of accounts that measures transactions of goods, services, income, and financial assets between domestic households, businesses, and governments and residents of the rest of the world during a specific time period.
Current account-The sum of net exports (exports minus imports) plus income received from abroad plus net transfers from abroad.
Fnancial account-The value of a country’s net sales (sales minus purchases) of assets.
Capital account-The value of capital transfer and transaction in nonproduced,nonfinancial assets in the international accounts.
source:http://examville.com
by wood12 on February 8th, 2010
Balance of payments-A system of accounts that measures transactions of goods, services, income, and financial assets between domestic households, businesses, and governments and residents of the rest of the world during a specific time period.
Current account-The sum of net exports (exports minus imports) plus income received from abroad plus net transfers from abroad.
Fnancial account-The value of a country’s net sales (sales minus purchases) of assets.
Capital account-The value of capital transfer and transaction in nonproduced,nonfinancial assets in the international accounts.
source:http://examville.com
by iwnit on January 31st, 2010
" In Macroeconomics and international finance, the capital account (also known as financial account) is one of two primary components of the balance of payments, the other being the current account. Whereas the current account reflects a nation's net income , the capital account reflects net change in national ownership of assets.
The term "capital account" is used with a narrower meaning by the IMF and affiliated sources. The IMF splits what the rest of the world call the capital account into two top level divisions: financial account and capital account, with by far the bulk of the transactions being recorded in its financial account. "
Source and further information:
http://en.wikipedia.org/wiki/Capital_account
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