Balance Of Payments Definition Quora

Balance of payments includes capital account also apart from current account.

Balance of payments definition quora. Balance of payment is the record of all the transaction that indians make with the rest of the world. The balance of payments is the record of all international trade and financial transactions made by a country s residents. The balance of payments include both the current account and capital account. To interpret balance of payments data properly it is necessary to understand how the balance of payments account is constructed.

These transactions include payments for the country s exports and imports of goods services financial capital and financial transfers.