Balance of Payments (B.O.P): i

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.

Lesson details

Class: SS3
Subject: Economics
Theme: International Trade And Balance Of Payments
Duration: 30:12

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

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Balance of Payments (B.O.P): i

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