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