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The balance of payments
Using a person's budget to understand the balance of payments
AP.MACRO:
MEA‑4 (EU)
, MEA‑4.A (LO)
, MEA‑4.A.1 (EK)
, MEA‑4.A.2 (EK)
, MEA‑4.A.3 (EK)
, MEA‑4.A.4 (EK)
, MEA‑4.A.5 (EK)
, MEA‑4.A.6 (EK)
Just like a personal budget, the balance of payments uses the sources of funds and uses of funds to track the movement of money. In this article, we use a young wizard's budget to make the BOP more relatable.
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