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What happens if you are experiencing financial hardships unable to make payments or pay balance after repo is sold?
Wiki User
∙ 16y ago
Sorry but, They really do not care about your problems. They just want their money, and will probably sue you.
Wiki User
∙ 16y ago
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Balance of payments deficit?
A balance of payments deficit means there is an imbalance in the balance of payments of a country where the payments the country makes are more than the payments they received. It means the balance of payments is negative. A balance of payments deficit is,when government expenditure is more than government revenue
Does Brazil have a balance of payments surplus or deficit?
It has a balance of payments deficit.
Does account balance mean how much money you have left to spend with financial aid?
it means A balance of payments sheet is an accounting record of all monetary transactions between a country and the rest of the world
What are benefits to a financial balance sheet?
What are benefits to a financial balance sheet?
Define balance of payment surplus?
statement that summarizes an economy's transactions with the rest of the world for a specified time period. The balance of payments, also known as balance of international payments, encompasses all transactions between a country's residents and its nonresidents involving goods, services and income; financial claims on and liabilities to the rest of the world; and transfers such as gifts. The balance of payments classifies these transactions in two accounts - the current account and the capital account. The current account includes transactions in goods, services, investment income and current transfers, while the capital account mainly includes transactions in financial instruments. An economy's balance of payments transactions and international investment position (IIP) together constitute its set of international accounts. (source- investopedia)
What are the Objectives of balance of payments?
The objective of balance of payments is to keep track of spending and savings to determine your financial goals. This system is a macroeconomic goal.
What is included when calculating a country's balance of payments?
Balance of payments (BoP) accounts are an accounting record of all monetary transactions between a country and the rest of the world. They include payments for the country's exports and imports of goods, services, financial capital, and financial transfers.None of the following is included.
What are the three major accounts of balance payments?
3 major accounts in balance of payments :accounts dealing with goods, services and incomeaccounts recording gifts or unilateral transfersaccounts dealing with financial claims
Balance of payments deficit?
A balance of payments deficit means there is an imbalance in the balance of payments of a country where the payments the country makes are more than the payments they received. It means the balance of payments is negative. A balance of payments deficit is,when government expenditure is more than government revenue
Does Brazil have a balance of payments surplus or deficit?
It has a balance of payments deficit.
Can a nation have a favorable balance of trade and an unfavorable balance of payments?
Yes, as the balance of trade is only one part of the balance of payments
What is the relationship between capital account balance and current account balance?
The balance of payments, then, is the sum of the balance on current account and the balance on capital and financial account. It is important to understand that the deficit indicated by the current account is financed through activities recorded on the capital and financial account. The deficit on the current account must be exactly offset by the surplus on the capital and financial account (if it is not, net errors and omissions will correct it). This means then that the sum of the current account and the capital and financial account is equal to zero.
Does account balance mean how much money you have left to spend with financial aid?
it means A balance of payments sheet is an accounting record of all monetary transactions between a country and the rest of the world
How differ the balance of trade from the balance of payments?
The Balance of Payments (BoP) is comprised of the Current Account, as well of the Capital and Financial Account. Within the Current Account, one will find a subcategory called Goods. The Balance of Trade is a term used to show the difference between Imports (IM) and Exports (X) within the Goods Category. This is also known as Net Exports.
Does the balance of payment always balance?
International Balance of Payments
If the Balance of payment always always balances then why you have deficit in the balance of payment What measure can be government take to address an in-balance in the Balance of payment?
when they are talking about the deficit or surplus they are usually only talking about the current account. The balance of payments will balance because the other accounts in it (Capital, financial and erros and ommissions) will account for the other parts eg if current account has defiecit of 100m the capital, financial and erros and ommisions will have a surplus of 100m
What are benefits to a financial balance sheet?
What are benefits to a financial balance sheet?
