Overview
Factors that give rise to payment of money into and out of the home country’s account. Balance of payment concepts such as trade balance, current account balance and overall balance. The different ways of dealing with the balance of payments disequilibrium. Trace the developments in Nigeria’s balance of payment.
What you'll learn
- Terms of trade and measurements, favourable and unfavourable balance of payment and their effects, balance of payment concepts.
- Methods of correcting balance of payment problems