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YouTubeMacro Economics with Michael.
The Balance of Payments Explained: How Countries Track Money Flows
How does a country keep its books with the rest of the world? The Balance of Payments. We build the BoP from the ground up — current account, capital account, financial account — and show why, by construction, it always balances. Covered: • The three components: CA · KA · FA • Trade in goods, services, income, and transfers ...
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