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Balance of Payments - Coggle Diagram
Balance of Payments
Current Account
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Current transfer
gifts, foreign aid and pensions
Finical Account
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Reserve assets
foreign currency reserves that the central bank
can buy or sell to influence the value of the country’s currency
Capital Account
Transactions in-produced, non-financial assets
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non-produced, non- financial assets
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a country's record of all transaction between the residents of the country and the residents of all other countries