Another type of balance of payments transaction concerns the __________ __________ assets of individual countries, or what is often simply called official transactions. By standard accounting...

Another type of balance of payments transaction concerns the __________ __________ assets of individual countries, or what is often simply called official transactions. By standard accounting convention, official transactions are exactly equal to but opposite in sign from the sum of the current account balance and the capital account balance. Account balances within a nation’s balance of payments can be affected by its relative rate of __________ and by its __________ stability relative to other nations.

May 18, 2022
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