Description
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What is the meaning of Current Account in Balance of Payments?
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A country’s current account balance can be influenced by a variety of factors. What are those factors?
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What are the transactions which are recorded in the current account of balance of payments?
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What are the components of Current account in balance of payments?
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What is meant by visible items?
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What type of transactions are recorded in respect of goods?
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What is meant by invisible items?
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What type of transactions are recorded in respect of services?
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What is the meaning of unilateral transfers?
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If unilateral transfers are sent abroad, where are they recorded in the current account – debit or credit side?
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What is meant by income from investments received from abroad and where are they recorded in the current account?
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How can we calculate the current account balance in Balance of Payments?
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What is meant by balance of visible trade and balance of invisible trade?
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How can we calculate the net income from abroad and the net unilateral transfers?
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What is meant by Surplus current account?
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What does surplus current account indicate?
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What is meant by Deficit current account?
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What does deficit current account indicate?
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Is it possible that in surplus current account, any specific component of current account may individual deficits but overall, credit side is more than debit side?
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What are the three different situations which can arise in respect of current account in balance of payments?
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