Economics A-Level
Financial account
What Financial account means in Economics A-Level, as defined for AQA.
Definition of Financial account
Check what you remember
Read the wording for your board, then hide it and explain Financial account in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
The record of transactions involving financial assets and liabilities, capturing foreign direct investment, portfolio investment and reserve assets.
Topics that use Financial account
- The balance of payments (AQA A-Level)
Related terms
- Balance of payments
- Capital account
- Competitiveness
- Current account
- Current account deficit
- Exchange rates
- Expenditure-reducing policies
- Expenditure-switching policies
Using Financial account in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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