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Give two differences between current account and capital account of balance of payments account. - Economics

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प्रश्न

Give two differences between current account and capital account of balance of payments account.

फरक स्पष्ट करा
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उत्तर

Current account Capital account
1. Records trade in goods, services, income, and transfers. 1. Records capital transfers, like investments and loans.
2. Deals with short-term economic transactions. 2. Deals with long-term capital movements.
3. Does not lead to a change in ownership of assets. 3. Leads to a change in ownership of financial and real assets between countries.
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पाठ 15: Balance of Payments and Exchange Rate - TEST YOURSELF QUESTIONS [पृष्ठ २९५]

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फ्रँक Economics [English] Class 12 ISC
पाठ 15 Balance of Payments and Exchange Rate
TEST YOURSELF QUESTIONS | Q 20. b | पृष्ठ २९५
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