Why must the current account balance equal the value of the capital account balance (in opposite sign)?

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Financial Markets and Institutions

ISBN: 978-0077861667

6th edition

Authors: Anthony Saunders, Marcia Cornett

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Question Posted: Jan 27, 2015 08:37 AM

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Why must the current account balance equal the value of the capital account balance (in opposite sign)?

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Transactions recorded to the balance of payment accounts use standard doubleentry b...View the full answer

Financial Markets and Institutions

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