The Balance of Payments. Definition and structure. Balance of payments. overall view of transactions with the rest of the world. Made up of three separate accounts Current Account Capital Account Financial Account. Balance of Payments – Current Account.
The Balance of Payments
Definition and structure
of which: EU £3.2 non-EU -£10.9
WILL A DEPRECIATION OF THE CURRENCY LEAD TO THE ELIMINATION OF A BALANCE OF TRADE DEFICIT?
Surplus on the current account
Deficit on the current account
Point when currency depreciates