Lesson Flashcards: International Economic Relations and Balance of Payment Accounts Economics

A summary of a country’s income from transactions with other nations and a part of the BOP accounts document

International payments recorded as debits or credits relating to investments, such as stock dividends, or bond coupon payments, also known as BOP investment income

Loans from international organizations to help developing countries achieve economic growth

A category of investment in which investors take a major (larger than 10%) stake in a foreign firm

Loans with a term of less than one year used to settle deficit and surplus in international trade

A category of investment in which investors take a minor stake (10% or less) in a foreign firm

Monetary movements involving a change in the ownership of assets or obligations (liabilities)

The transactions of goods or services between countries

A document that lists all of the financial dealings that a country has with other countries and whose main components are current account and capital account, which are usually reported on a quarterly basis and summarized annually

International transfer payments made without expecting anything in return, such as international grants or subsidies or workers abroad sending money home to their families (worker remittances)

Loans with a term of over one year, which are capital transfers intended for investment, used to finance developments of firms abroad