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Distingush with examples between visible and invisible iterms in the current account of the balance of payment?
Wiki User
∙ 12y ago
Goods are considered visible items on the current account, whereas, services are considered invisible items on the current account.
Wiki User
∙ 12y ago
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What is a basic balance?
A basic balance is the net balance of the combination of a current account and a capital account in a balance of payments.
What is meant by invisible balance of trade?
Invisible balance of trade is the difference in value over a period of time of a country's imports and exports of services and payments of property incomes
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.
What is usually the largest single account in the overall balance of payments?
The largest single account in the overall balance of payments is, for most countries, the current account.
Why balance of payment is always balanced?
balance of payments consists two accounts namely current account and capital account. The current account deals with import of visible and invisible items and unilateral transfers. a surplus in this accounts makes a country's BOP a surplus and a deficit in this accounts indicates that the country's BOP is deficit. The capital account indicates the capital movements of that country with other countries. it also shows the countries gold and other reserves. a surplus and a deficit in the current accounts increases and decreases the reserve and so the balance of payments is equalised always. so when we say that BOP is deficit we mean only the current account in the BOP. because BOP will always be equalised.
How can you find out your account balance?
Your account balance can easily be accessed by visiting your banker's site,click on account balance after putting your account no and you will have it instantly. Or you can update your bank passbook to ascertain your account balance.
The amount of money in a bank account is called what?
account balance
What is mod balance in a bank account?
what is the mod balance in account what is the definition of mod balance
What are some good examples of credit cards used for balance transfers?
Some good examples of credit cards used for balance transfers are Citi Bank and Capital one. These cards offer low or no rates with account transfers.
Which type of checking account pays interest on the mean balance of the account during a particular cycle?
Average Balance account
What is a basic balance?
A basic balance is the net balance of the combination of a current account and a capital account in a balance of payments.
What is my balance?
what is my recent deposit and balance on checking account elcantante i need my saving account balance
You want to see your account balance?
I want to chek my account balance
What is your balance on your account?
The balance of your account is the amount of credit or debit of your account. That is how much you have or how much you owe.
Check balance in my account of sbi?
You can register for an online account to check the balance of your SBI account. You can also call SBI and check your balance.
Why is a capital account has credit balance?
The normal balance in a capital account is a credit. Capital is a balance sheet account. Assets = Liabilities + Capital
If the accounts payable account balance increase on the trial balance?
account payable increase on trial balance
