Friday, July 28th 2017

Balance Of Payments


Balance Of Payments Meaning:
A balance sheet for a country, summarizing all transactions between that country and the rest of the world during a specific period of time, usually a quarter or a calendar year.

Balance Of Payments Example:
A balance of payments records ‘money in,’ for example money gained from exports, as positive values and ‘money out,’ for example money spent on imports, as negative ones. If all components of the balance of payments are included then it must balance (that is, have a sum of zero), but that doesn’t mean that the country in question is not accumulating a surplus from, or a debt to, the rest of the world.
Give Your Opinion
What do you need to open up a bank account in Guatemala?
Share a simple answer to help inform others:
Specific to any country?
First name / Alias

• Your answer will be posted here:
What do you need to open up a bank account in Guatemala?
Financial Questions & Answers
Ask A Question
Get opinions on what you want to know:
Specific to any country?