New Activity
Play Fill in the Blanks Game
Whenever a country receives funds from a foreign source , a ____________________ is recorded on the balance of payments . Whenever a country has an outflow of funds , it is recorded as a ____________________ on the balance of payments . When all components of the BOP accounts are included they must sum to ____________________ with ____________________ overall surplus or deficit . The ____________________ account records the flow of income from one country to another . The ____________________ account records the flow of assets from one country to another . The ____________________ account is typically much smaller than the other two and includes miscellaneous transfers that do not affect national income .