2. The Balance of Payments
What is balance of payment?
A record of the trade between a country and the rest
of the world.
It consists of the current account and capital account
What is current account?
A record of visible trade account and invisible trade
account
What is Capital account?
record the transfer of financial assets between a
country and the rest of the world.
3. Group Activity
Divide yourself into groups of three or four students.
Each group receives a sheet of paper which has
examples of trade between Brunei and the rest of the
world.
Each group needs to put each examples into the
categories.
For example: Brunei buy Airbus from United States
or Brunei sell oil to Japan.
Into which categories should you put this examples.
4. Examples
Balance of Payments
Current Account Capital Account
Visible Trade Account
Export Import
Sell Oil Buy Airbus
Invisible Trade Account
Export Import
5. Examples
Balance of Payments
Current Account Capital Account
Visible Trade Account
Export Import
Invisible Trade Account
Export Import