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Q: How do you correct unfavorable balance payment account?
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Why a nation can have a favorable balance of trade and a unfavorable balance of payment?

it shows up as a trade deficit with the soncumer-goods-exporting nation.


What does a payment on account effect?

Your bank balance.


What is meant by a current account deficit on balance of payment?

it is down


What payment on account by a customer?

A payment on account by a customer happens when a customer pays a bill. For example, if a person had an account at a furniture store, each month, he or she would make a payment on their account to pay down their balance.


What is a payment on account by a customer?

A payment on account by a customer happens when a customer pays a bill. For example, if a person had an account at a furniture store, each month, he or she would make a payment on their account to pay down their balance.


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 is a minimum balance?

A Minimum Balance Fee is a payment made to your bank for not having enough money in your savings account, checkings account, ETC.


What is a Minimum balance fee?

A Minimum Balance Fee is a payment made to your bank for not having enough money in your savings account, checkings account, ETC.


Can your friend transfer balance from her account to pay off your credit card account?

yes anyone can make a payment on someones account if they know the account #


What does it mean to be a balance payer?

A balance payer pays off any outstanding balance of money owing on an account on every payment due date.


Do you have to have a balance on PayPal to buy on eBay?

No, you don 't have to have a balance in your PayPal account. If you have added your bank (or checking) account details and/or your card details to your PayPal account, you can make an "instant payment" for an item that you buy from eBay. With an "instant payment" money is automatically taken from your bank or card, paid into your PayPal account and then paid out immediately to the seller. All of this happens within seconds of you agreeing to make the payment.


What is the relationship between the balance of payments BOP and interest rates?

If the interest rate is lower and balance of payment is large then the currant account will be deficit