Define balance of payments on capital account.
Asked by Topperlearning User
| 19th Apr, 2016,
10:54: AM
Expert Answer:
Balance of payments on capital account is a statement of all capital inflows and outflows, in both short term and long term. It includes borrowing from and lending to abroad, both by private individuals and government.
Answered by
| 19th Apr, 2016,
12:54: PM
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