Calculate the balance of account of Balance of Payments. Is the remainder of the Balance of Payments account balanced?
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Answer: The balance of payments include both the current account and capital account. The current account includes a nation's net trade in goods and services, its net earnings on cross-border investments, and its net transfer payments. The capital account consists of a nation's imports and exports of capital and foreign aid.
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The balance of payments include both the current account and capital account. The current account includes a nation's net trade in goods and services, its net earnings on cross-border investments, and its net transfer payments. The capital account consists of a nation's imports and exports of capital and foreign aid.
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