StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Nobody downloaded yet

European Business - The Composition of the UKs Balance of Payment - Assignment Example

Cite this document
Summary
The paper "European Business - The Composition of the UK’s Balance of Payment" is a wonderful example of an assignment on business. Balance of payments refers to all financial transactions that occur between the government, consumers, and businesses of a certain country and the other countries…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER92.9% of users find it useful

Extract of sample "European Business - The Composition of the UKs Balance of Payment"

Download file to see previous pages

The paper "European Business - The Composition of the UK’s Balance of Payment" is a wonderful example of an assignment on business. Balance of payments refers to all financial transactions that occur between the government, consumers, and businesses of a certain country and the other countries. Balance of Payments helps in conceptualizing the spending of various consumers and firms on various imported goods and services as well as showing how the country has been successful in exporting various commodities and services to other countries (Riley, 2016). In the determination of the balance of payments, overseas exports are considered as positive entries while the importation of goods and services is considered as positive entries.

Structure of the balance of payments

 The European Union balance of payments consists of the current account, financial account, capital account, and balancing items.

Current account

According to Riley (2016), the current accounts consist of four sections which include a balance of goods trade, services trade, and net primary income and secondary income.  The net primary income refers to the dividends profits and interests that are generated by individuals from a certain country working abroad.

According to Pettinger (2016), the UK realized a current account deficit of 32.7 billion pounds which was equal to 7 percent Gross Domestic Product in the last quarter of 2015. In the whole of 2015, the UK recorded an increased current account deficit of up to 96.2 billion pounds from 92.5 billion pounds as recorded in 2014. Based on the current price, 2015, the current account deficit equaled 5.5 percent of the Gross Domestic Product. Based on the current account deficits, the 2015 deficit was the highest since 1948 (Riley, 2016).

The net secondary income refers to the annual contributions that a certain country makes. Based on the case of the UK, the net secondary includes the annual contribution of the country to the European Union including the military and overseas development aid.

Capital account

Capital account refers to the transfer or sale of leases, goodwill, copyrights, patents, and ownership of fixed assets.

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(European Business - The Composition of the UKs Balance of Payment Assignment Example | Topics and Well Written Essays - 5500 words, n.d.)
European Business - The Composition of the UKs Balance of Payment Assignment Example | Topics and Well Written Essays - 5500 words. https://studentshare.org/business/2107202-european-business-the-composition-of-the-uks-balance-of-payment
(European Business - The Composition of the UKs Balance of Payment Assignment Example | Topics and Well Written Essays - 5500 Words)
European Business - The Composition of the UKs Balance of Payment Assignment Example | Topics and Well Written Essays - 5500 Words. https://studentshare.org/business/2107202-european-business-the-composition-of-the-uks-balance-of-payment.
“European Business - The Composition of the UKs Balance of Payment Assignment Example | Topics and Well Written Essays - 5500 Words”. https://studentshare.org/business/2107202-european-business-the-composition-of-the-uks-balance-of-payment.
  • Cited: 0 times

CHECK THESE SAMPLES OF European Business - The Composition of the UKs Balance of Payment

International Business Project - BAT Company

… The paper "International business Project - BAT Company " is an outstanding example of a business case study.... The business organization depends on its internal aspects or components for efficient and effective operations.... The paper "International business Project - BAT Company " is an outstanding example of a business case study.... The business organization depends on its internal aspects or components for efficient and effective operations....
10 Pages (2500 words) Case Study

UK Foreign Exchange Rates

… The paper "uk Foreign Exchange Rates" is a wonderful example of a report on macro and microeconomics.... The paper "uk Foreign Exchange Rates" is a wonderful example of a report on macro and microeconomics.... oreign Exchange Rates and Euro as DeterminantIn 1999, the Euro is introduced as a common currency used among european countries....
13 Pages (3250 words)

Potential Opportunity in Outsourcing of Companies Based in the UK

… The paper "Potential Opportunity in Outsourcing of Companies Based in the uk" is a great example of a business coursework.... nbsp;Many companies based in the uk opt to outsource their operations to countries in the European Union.... The paper "Potential Opportunity in Outsourcing of Companies Based in the uk" is a great example of a business coursework.... nbsp;Many companies based in the uk opt to outsource their operations to countries in the European Union....
7 Pages (1750 words) Coursework

The Contemporary Trade Environment

conomic literature continues to grow the rationale that while international governments remain enthusiastic to export more of their products abroad, they seek to cushion their domestic industries from international competition in order to achieve a favorable balance of trade (Mankiw, 1998).... s aforementioned, governments tend to work out favoritisms that safeguard the balance of payments, which often involves discouragement of imports from foreign countries through trade restrictions....
8 Pages (2000 words) Term Paper

Crisis in the UK Banking Sector

The Walker Review identified that some of the existing pitfalls of corporate governance in the UK banking sector revolve around, functions and composition of the Board of Directors among other factors.... … The paper "Crisis in the uk Banking Sector" is a perfect example of a macro and microeconomics thesis.... The paper "Crisis in the uk Banking Sector" is a perfect example of a macro and microeconomics thesis.... The recommendations that were put forth from the Walker Report included changes to the composition and role of the Board of Directors of banks in the United Kingdom such that they are comprised of a broader range of people from within and outside of the banks they represent, as well as take on a greater risk-management role as opposed to a sole focus on revenue and profit generation (LeBlanc, 2010, pp....
28 Pages (7000 words) Thesis
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us