Change: Ex:Example: A Chinese company sells $1 million worth of berets to the U.S. army. BMW pays $1 million to a U.S. shipper for transporting cars from Germany to the United States. Capital account: Measures the difference between1) The inflows of foreign money for the purchase of real   View changes from previous version. (Word count: 259)

Change: US Imports: debit- reduce stock of foreign currencies (outpayments from US) 2. Net investment income3. Nets transfersEx: A Chinese company sells $1 million worth of berets to the U.S. army. BMW pays $1 million to a U.S. shipper for transporting cars from Germany to the United States. Capital   View changes from previous version. (Word count: 259)

Change: (stocks, bonds) at home and 2) The outflows of currency for the purchase of foreign assets abroad. - With account surplus, they buy assets instead of storing assets.-checks are also forms of capital accountOfficial Reserves account: foreign currencies owned by the central bank of a nation-   View changes from previous version. (Word count: 182)

Change: exportsExports and imports of currently produced goods and services 2. netNet investment income 3. netsNets transfersCapital account: measuresMeasures the difference between 1) theThe inflows of foreign money for the purchase of real and financial assets at home and 2) theThe outflows   View changes from previous version. (Word count: 173)

Change: It summarizes a nation's trade in currently produced goods and services.Capital account: measures the difference between 1) the inflows of foreign money for the purchase of real and financial assets at home and 2) the outflows of currency for the purchase of foreign assets abroad. - With   View changes from previous version. (Word count: 148)

Change: accounts (investments not in good or services).Official Reserves account: foreign currencies owned by the central bank of a nation- drawn upon to make up any net deficit or surplus in the balance of payments account- balance of payments deficit: when inpayments of official   View changes from previous version. (Word count: 123)

Change: in the balance of payments account- balance of payments deficit: when inpayments of official reserves are made to its capital/ financial account in order to balance it with the current account- balance of payments surplus: outpayments adds to teh stock of official reserves   View changes from previous version. (Word count: 104)

Change: Current account: The section in a nation's international balance of payments that records its exports and imports of goods and services, its net investment income, and its nets transfers.Capital account: contains both capital and financial accountsOfficial Reserves account:   View changes from previous version. (Word count: 41)

Change: There were only format changes (bold, italics, etc.) in this version. See this version for details. (Word count: 7)

Change:  the sum of all the transactions that take place between one nation's residents and the residents of all foreign countries, including exports and imports of goods and services, tourist expenditures, interest and dividends received or paid abroad, and purchases and sales of financial or real assets abroad. Current Account:   View changes from previous version. (Word count: 7)