Balance-of-payments accounting indicates that any surplus (deficit) in the current account must be offset by a deficit (surplus) in the financial account. Explain why this is so, using demand and supply curves
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![Class 12 Eco] Difference between BOP Surplus, Deficit and Equilibrium](https://d1avenlh0i1xmr.cloudfront.net/a9f1814e-4000-4020-8157-54f03f2856bf/different-types-of-balance-of-payment---teachoo.jpg "Class 12 Eco] Difference between BOP Surplus, Deficit and Equilibrium")
Class 12 Eco] Difference between BOP Surplus, Deficit and Equilibrium
Course: Economics, Topic: Unit4:Balance of Payment (BOP)
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![Class 12 Eco] Difference between BOP Surplus, Deficit and Equilibrium](https://d1avenlh0i1xmr.cloudfront.net/5bf1cc31-879e-4179-8739-4ffca0bdc988/what-is-balance-of-payment-deficit---teachoo.jpg "Class 12 Eco] Difference between BOP Surplus, Deficit and Equilibrium")
Class 12 Eco] Difference between BOP Surplus, Deficit and Equilibrium
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