GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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14:19 Apr 21, 2003 |
Spanish to English translations [PRO] Bus/Financial | |||||||
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| Selected response from: Ron Stelter Local time: 05:09 | ||||||
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Summary of answers provided | ||||
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4 +5 | balance of payments |
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5 | balance of payments |
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5 | balance of payments |
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balance of payments Explanation: standard terminology -------------------------------------------------- Note added at 2003-04-21 14:25:40 (GMT) -------------------------------------------------- Fedpoint 40: Balance of Payments The balance of payments (BOP) is an accounting of a country\'s international transactions for a particular time period. Any transaction that causes money to flow into a country is a credit to its BOP account, and any transaction that causes money to flow out is a debit. The BOP includes the current account, which mainly measures the flows of goods and services; the capital account, which consists of capital transfers and the acquisition and disposal of non-produced, non-financial assets; and the financial account, which records investment flows. The balance of payments (BOP) is an accounting of a country\'s international transactions over a certain time period, typically a calendar quarter or year. It shows the sum of the transactions (purely financial ones, as well as those involving goods or services) between individuals, businesses, and government agencies in that country and those in the rest of the world. http://www.ny.frb.org/pihome/fedpoint/fed40.html |
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