Balance of payments
- From: "Curt" <curt2@xxxxxxxxxxxx>
- Date: Wed, 06 Apr 2005 10:29:08 GMT
Hi,
I'm an A-level student in the UK. We have been told that the
balance-of -payments always balances; the usual deficit in the current
account is always balanced by a surplus in the financial and capital
account. I've asked my economics teacher why, but she did not really give me
a satisfactory answer...she kind of just restatated what ive said above but
did not explain.
Sorry if this seems really basic, but after searching the web for some time,
I still have not found a simple answer.
Thanks,
Curt
.
- Follow-Ups:
- Re: Balance of payments
- From: Chas
- Re: Balance of payments
- From: Curt
- Re: Balance of payments
- From: Mason A . Clark
- Re: Balance of payments
- From: Bill
- Re: Balance of payments
- Prev by Date: Re: Whither the Georgies or wither the Georgies
- Next by Date: Re: Balance of payments
- Previous by thread: Re: Is there a generally accepted theory of value?
- Next by thread: Re: Balance of payments
- Index(es):