Until 2013 the financial account was presented like other accounts, in credit and debit. But after 2013, the principle of recording changed. So, what does a negative financial account balance mean for the economy of the country concerned? *If it's possible can you give a basic/short response and write in computer instead of paper please? Thanks! :)

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter6: Managing In The Global Economy
Section: Chapter Questions
Problem 5E
icon
Related questions
Question

Until 2013 the financial account was presented like other accounts, in credit and debit. But after 2013, the principle of recording changed. So, what does a negative financial account balance mean for the economy of the country concerned?

*If it's possible can you give a basic/short response and write in computer instead of paper please? Thanks! :)

Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Assets
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Managerial Economics: Applications, Strategies an…
Managerial Economics: Applications, Strategies an…
Economics
ISBN:
9781305506381
Author:
James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:
Cengage Learning
Principles of Economics 2e
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax