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What is balance of capital account? - Economics

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Question

What is balance of capital account?

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Solution

The balance of capital transfers, including borrowing and lending from overseas as well as the buying and selling of assets, gold, and foreign exchange from other nations, is referred to as the balance of capital accounts.

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Chapter 15: Balance of Payments and Exchange Rate - TEST YOURSELF QUESTIONS [Page 295]

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Frank Economics [English] Class 12 ISC
Chapter 15 Balance of Payments and Exchange Rate
TEST YOURSELF QUESTIONS | Q 18. | Page 295
Frank Economics [English] Class 12 ISC
Chapter 22 Model Short Answer Questions
MODEL SHORT ANSWER QUESTIONS | Q 207. | Page 483
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