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    Hey, hoping someone could help me out on this!

    We were taught in class that there are 3 components of the Balance of Payments:
    Current Account (imports, exports, earnings from foreign investments)
    Capital Account (very small, accounts transfer of money when migration happens)
    Financial Account (FDI, portfolio investment, banking flows).

    The vast majority of other resources I've seen (e.g. youtube videos) have all agreed with this, but the OCR textbook explicitly states that FDI is on the capital account (and makes no mention of the financial account anywhere in the book)

    The exam's in a few days and I just can't get my head round this- is it because the textbook has simplified it into just two components of the BOP, or have we been taught wrongly?

    Thanks for any help!
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    Sorry you've not had any responses about this. Are you sure you've posted in the right place? Here's a link to our subject forum which should help get you more responses if you post there.

    You can also find the Exam Thread list for A-levels here and GCSE here. :dumbells:


    Just quoting in Puddles the Monkey so she can move the thread if needed
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