Paper Summary:

This paper explains how the balance of payments consists of the current account, which includes visible and invisible trade, tourism, shipping, and profits and interest earned outside of the country.

From the Paper:

"The balance of payments for a country represents a tabulation of all credit and debit transactions between entities within that country and entities in all other countries and international organizations. The balance of payments consists of the current account which includes visible and invisible trade, tourism, shipping and profits and interest earned outside of the country, and the capital account which includes the flow of investment funds and international grants and loans. When a country makes more payments abroad than it receives..."

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