Stage 3 Note-taking Exercise
In this note-taking exercise,there are no guided notes provided for you.So,it is going to be difficult because the lecture is long and contains a lot of information.You are suggested to follow the Lecture Outline below while taking your own notes.
Lecture Outline—A Topic Outline
I. Classifications of International Transactions
II. Definition of Balance of Payments
III.Current Account of BOP
A.Goods
B.Services
C.Income
D.Current transfers
E.Understanding current account
1.Trade surplus vs deficit
2.Current account surplus vs deficit
IV.Capital Account of BOP
A.Definition
B.Account categories
V. Financial Account of BOP
A.Foreign direct investment
B.International portfolio investment
1.Difference between direct and portfolio investments
C.Other capital
1.Long-term capital
2.Short-term capital
D.Reserve assets
VI.Understanding Balance of Payments
A.BOP deficit
B.BOP surplus
Take your notes on the following space:
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