136 137
IM
PO
RT
GOVERNMENT FINANCE AND PUBLIC MONEY
Attempting control
REST OF
THE WORLD
This account monitors
international positions in
local and foreign currency,
bonds, and investment.
The sum of the “balance of
payment” should equal zero,
but this rarely turns out to be
the case.
$1bn - $2bn = $-1bn
Goods and
services
$1bn
Money transfers
and land
$2bn
Capital and
financial accounts
–$2bn
Current account
$2bn
Zero
Currency and
stocks
$1bn
$ $
Financial account
Balance of payment
Goods and
services
$3bn
Money transfers
and land
$1bn
$
Currency and
stocks
$2bn
This account is chiefly for
recording the movement of
money and nonfinancial,
nonproductive assets.
$1bn - $2bn = $-1bn
Capital account
The current account is
mainly concerned with the
international exchange of
goods and services.
$
$3bn - $1bn = $2bn
Current account
$ $
EXPORT
US_136-137_Balance_and_Payments.indd 137 13/10/2016 16:19