Question: In the net element pay or pay account, pay installments are outpourings, and pay receipts are inows. Pay are receipts from ventures made abroad (note:

 In the net element pay or pay account, pay installments are
outpourings, and pay receipts are inows. Pay are receipts from ventures made

In the net element pay or pay account, pay installments are outpourings, and pay receipts are inows. Pay are receipts from ventures made abroad (note: speculations are recorded in the capital record however pay from ventures is recorded in the current record} and cash sent by people working to another country, known as settlements, to their families back home. Assuming that the pay account is negative, the nation is paying more than it is taking in revenue, prots, and so forth

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!