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6.1 Balance of Payments

Part of Open Economy: International Trade and Finance in AP® Macroeconomics. Read the opening section, then create a free account for the full interactive lesson, practice, and progress tracking.

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The Balance of Payments

The balance of payments is a record of economic transactions with foreign countries. It consists of the current account and the capital and financial account, which are necessary to understand the open economy.

In this unit

5 lessons

  1. 6.1Balance of PaymentsThis lesson
  2. 6.2Exchange RatesPreview lesson
  3. 6.3–6.4The Foreign Exchange MarketPreview lesson
  4. 6.5Changes in the Foreign Exchange Market and Net ExportsPreview lesson
  5. 6.6Real Interest Rates and International Capital FlowsPreview lesson

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