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CBSE Class 12-commerce Answered

Differentiate between balance of trade and current account balance.

Asked by Topperlearning User | 19 Apr, 2016, 10:54: AM
Expert Answer

Balance of trade means the balance occurring on account of export and import of visible items.

Current account balance includes the export and import of goods and services and unilateral transfers from one country to another country.

Hence, the balance of trade is only a component of current account balance.

Answered by | 19 Apr, 2016, 12:54: PM
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CBSE 12-commerce - Macroeconomics
Asked by Topperlearning User | 19 Apr, 2016, 10:54: AM
ANSWERED BY EXPERT
CBSE 12-commerce - Macroeconomics
Asked by Topperlearning User | 19 Apr, 2016, 10:54: AM
ANSWERED BY EXPERT
CBSE 12-commerce - Macroeconomics
Asked by Topperlearning User | 19 Apr, 2016, 10:54: AM
ANSWERED BY EXPERT

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