IB Economics 4.6.2 Components of the Balance of Payments Flashcards

Flashcards for 4.6.2 Components of the Balance of Payments

These interactive flashcards help IB Economics students Standard Level (SL) and Higher Level (HL) quickly review and memorize the essential definitions, formulas, and terms needed for success in IB Exams.

Each card focuses on 4.6.2 Components of the Balance of Payments and is aligned with the IB Economics syllabus, ensuring focused revision on microeconomics, macroeconomics, and international trade.

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What is the fundamental identity of the Balance of Payments (BoP) when summing its three main accounts?

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$Current Account + e x t C a p i t a l A cco u n t + e x t F inan c ia l A cco u n t = 0$

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