Distinguish between balance of payments and balance of trade

DQ4#2
July 18, 2019
Critically discuss the relation between the laws of prophets and the moral teaching of Jesus
July 18, 2019
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Distinguish between balance of payments and balance of trade

a) Distinguish between balance of payments and balance of trade(3 mrks)

b)Distinguish between current account and capital account of the balance of payments.
Mention the various items on both of these accounts. (10 mrks)

c) Under what conditions would devaluation improve the balance of payment position in an economy (7 mrks)

 

 

 

 

 

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