Exploring Meaning, Significance and Components of Balance of Payments

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Language of video: EN (English)

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This course includes:

00h 44m on-demand videos

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Certificate of completion

Level:
Beginner
What are We Going to Teach:

Students will learn about the Meaning, Significance and Components of Balance of Payments.

Target Audience:
  • Students and any individual who enjoys learning about various concepts of economics
Course objective:
  • What is the meaning of Balance of Payments?
  • What is the significance of Balance of payments?
  • What are the various components of Balance of Payments?
  • Whether Balance of Payments is always balanced?
  • What is errors and omissions item in Balance of Payments?
Course prerequisites:
  • Basic understanding of economic principles such as supply and demand, inflation and interest rates

Description :

  1. What is the meant by Balance of Payments?
  2. Balance of Payments must always balance. What does it mean?
  3. What does the word “residents” mean in the definition of Balance of Payments?
  4. What is the significance of Balance of payments?
  5. What are the various components of Balance of Payments?
  6. What is meant by errors and omissions in Balance of Payments?
  7. What is the significance of errors and omissions item in Balance of Payments?
  8. Do you agree with the statement that Balance of Payments is always balanced in the accounting sense but not necessarily equal in the economic sense?

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Course Content : Expand all sections

  • 1 sections
  • 5 lectures
  • 00h 44m total length

00:06:45

After going through this course, the students will understand: What is the meaning of Balance of Payments? What is the significance of Balance of Payments? What are the components of Balance of Payments? What is meant by Errors and Omissions in Balance of Payments? Whether Balance of Payments is always balanced?

What is the meant by Balance of Payments? Balance of Payments must always balance. What does it mean? What does the word “residents” mean in the definition of Balance of Payments? What is the significance of Balance of payments?

What are the various components of Balance of Payments?

What is meant by errors and omissions in Balance of Payments? What is the significance of errors and omissions item in Balance of Payments?

Do you agree with the statement that Balance of Payments is always balanced in the accounting sense but not necessarily equal in the economic sense?

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