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Balance of Payments.
A systematic record of all the economic transactions between its residents and residents of foreign countries is defined as the Balance of Payments of a country. |
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Current Account.
Current Account is the account where deposits and withdrawls can be made any number of times without any interesty being charged. |
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Functions of the Central Bank.
The Central Bank is said to be the "Banker's Bank".It also supervises all other banks and is said to be the lender of the last resort. |
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Budget - Regressive Taxation.
A Regressive Tax is a tax imposed inn such a manner that the tax rate decreases as the amount subject to taxation increases. |
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Money Flow.
Money Flow includes the flow of factor income from the producing sector to the household sector and the flow of expenditure from the household sector to the producing sector. |
