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Payment made between countries, whether in settlement of a trade debt, as a unilateral transfer of funds, for capital investment, or for some other purpose. The reasons for such payments and the methods of making them and accounting for them are matters of concern to economists and national governments. International debts are settled either from accumulated balances of foreign currency or claims on foreign currency, or by loans from creditor to debtor, or by drawing on the International Monetary Fund, or by movements of gold. How a country balances its international accounts is one of the most important decisions for its balance of payments.
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How would you define the balance of payments in international trade?
The balance of payments is an accounting record of the difference between the amount of money that a country receives (known as inpayments) and the amount of money that it pays out (known as outpayments).
How do you define Non-wage factor?
non -wage factors are factor that are factor without payments
How would one define globalization?
The site doesn't define globalization. People define it and I would define it as a process that business and other organizations develope international influence or operate on an international community.
Define cash economy?
In a cash economy all (or most) payments are made in cash - not by cheque, giro or plastic.
How useful are country-based theories in explaining international trade?
The country based theories in the international trade help countries define their true allies when taking place in the international trade.
Define balance of payments?
Balance of payments is a method used to monitor all international monetary transactions at specific period of time. BOP is usually calculated every quarter and or every calendar year.
How would you define the balance of payments in international trade?
The balance of payments is an accounting record of the difference between the amount of money that a country receives (known as inpayments) and the amount of money that it pays out (known as outpayments).
Define international management?
Define international management ? Bring out its benefits Price discrimination is indistinguishable from dumping? Discuss
Define accumulated balance?
used for micro payments, similar to monthly telephone bills.
What is the term used to define the responsibility for erroneous payments made as a result of your signature is what?
pecuniary liability
How do you define Non-wage factor?
non -wage factors are factor that are factor without payments
What term is used to define the responsibility for erroneous payments made as a result of your signature?
pecuniary liability
Define an international consumer?
An international consumer is a purchaser of goods/services overseas in other countries and continents.
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)
How would one define globalization?
The site doesn't define globalization. People define it and I would define it as a process that business and other organizations develope international influence or operate on an international community.
Define cash economy?
In a cash economy all (or most) payments are made in cash - not by cheque, giro or plastic.
How would you define capital accounts in international trade?
Across global markets, it is not uncommon to observe the buying and selling of both real assets (plant and equipment, land) and financial assets (stocks, bonds). Such transactions are recorded in the capital account of a nation's balance of payments.
