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high interest rates will attract foreign investors into sterling investment. what is sterling investment?
balance of payment: is made of a current account which consists of capital related transaction authorised by the government for countries under the European union,to pay for citizens and transactions working in other countries.
Sir, is the above statement correct?
Sterling = pound sterling = UK currency. Sterling investment: for example, placing money in UK bank accounts to earn the UK rate of interest.
I don’t understand the second statement. Balance of payments does not just refer to Europe.
balance of payment: is made of a current account which consists of capital related transaction authorised by the government for countries under the European union,to pay for citizens and transactions working in other countries.
Sir, is the above statement correct? I said, EUROPEAN UNION COUNTRIES
What is your definition of balance of payment?
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