Ch 5 Global Trade [AP & Reg]

Thiscountryisexperiencingabalanceofpayment

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Unformatted text preview: ……………………………………………… - 2 (9) Net transfers (gifts given to the indivs, foreign aid, pensions, etc.)…… - 83 Net (10) Balance on current account…………………………………………………..-805 Balance Capital Account [a “net” account that mainly measures “debt forgiveness”] (11) Balance on capital account ………………………………..…………………....-6 $0 Financial Account [buying/selling of physical & financial assets (stock/bonds)] $0 (12) Foreign purchases of assets in the U.S. ……………… +1,298 Foreign (12) U.S. purchases of assets abroad……………….…………… -147 U.S. (13) Balance on financial account…………………………………………….…..+811 Balance (14) Balance on capital and financial account………………………………….+805 $0 Current Account - something is physically transferred to another country. something Capital/Financial Acct – nothing is physically transferred...
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This note was uploaded on 07/20/2012 for the course ECON 2106 at GCSU.

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