Unit 4.6: Balance of payments
This page covers the nature of the balance-of-payments account, its different sections (current, capital, and financial), and the HL topic of current account balance-of-payments deficits. The balance of payments (BOP) is an account that records inflows (credit items) and outflows (debit items) of funds to and from the domestic economy, resulting from a country’s financial transactions with other countries worldwide....