I enjoyed learning about the BOP, and especially what the Current and Capital accounts deal with. I agree that it is very important for countries to keep these accounts balanced in things such as exports and imports to have a financially stable economy.
I agree with this video and I feel that it is even more applicable in todays political environment. As it relates to Trumps second term and his interest in tariffs, the United States will face major change as it relates to the continued deficit facing our economies.
I found this 1 minute clip of Balance of Payments informative and gave me insight into the way countries monitor international monetary transactions in a specific period.
It was cool to learn how the BOP is crucial in understanding a country’s economic stability. Balancing imports and exports is key, especially with ongoing trade deficit concerns.
I enjoyed learning about the BOP, and especially what the Current and Capital accounts deal with. I agree that it is very important for countries to keep these accounts balanced in things such as exports and imports to have a financially stable economy.
ReplyDeleteVery informative video by Professor Monray. It is clear that the US is in a trade deficit, which the current administration looks to change.
ReplyDeleteI found it interesting how a country should be trying to reach a balance of imports and exports.
ReplyDeleteThe BOP is fascinating to me as it is a constant balancing game of trying not to be too far to either side of the coin.
ReplyDeleteI had previously learned about the BOP but this aids in clearing some more things up about this topic.
ReplyDeleteI agree with this video and I feel that it is even more applicable in todays political environment. As it relates to Trumps second term and his interest in tariffs, the United States will face major change as it relates to the continued deficit facing our economies.
ReplyDeleteIt was interesting to hear how countries have a balance of payments themselves as their own entity.
ReplyDeleteClear and straight to the point!
ReplyDeleteBOP is an interesting way of measuring how a country is balancing trade.
ReplyDeleteI found this 1 minute clip of Balance of Payments informative and gave me insight into the way countries monitor international monetary transactions in a specific period.
ReplyDeleteIt was cool to learn how the BOP is crucial in understanding a country’s economic stability. Balancing imports and exports is key, especially with ongoing trade deficit concerns.
ReplyDeleteI loved the clear and simplified explanation of BOP and how it affects countries’ economies.
ReplyDeleteI enjoyed learning about the role of BOP in a country's economy.
ReplyDelete