CBSE Class 12-commerce Macroeconomics Open Economy Macroeconomics
- What are the two transactions which determine balance of trade?
- Define balance of payment.
- Define balance of payments on current account.
- Define balance of payments on capital account.
- Define autonomous items in balance of payment.
- Explain a situation where the balance of payment is deficit.
- Differentiate between balance of trade and current account balance.
- Differentiate autonomous and accommodating items of balance of payment.
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