HSC Together Year 12 Economics: Balance of Payments: Structure of the Capital and Financial Account

Economics

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Balance of Payments: Structure of the Capital and Financial Account

The Balance of Payments is a record of all incoming and outgoing trade and financial transactions made between an economy and the rest of the world. It uses double-entry accounting, i.e. debits and credits.

It is made up of two parts, the Current Account and the Capital and Financial Account.

Watch the videos to find out more about the Capital and Financial Account in HSC Economics:

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