ZIMSEC O-Level Commerce
6.2.7Balance of payments
Balance of payments in ZIMSEC O-Level Commerce: what the syllabus expects you to know, the learning objectives and how to practise.
Subtopic36 practice questions2 lessons
Overview
Form 4: visible and invisible trade, balance of trade and balance of payments, exchange rates.
Learning objectives
What the syllabus expects you to be able to do.
- 6.2.7.1Calculate the balance of trade, the invisible balance and the balance of payments.
- 6.2.7.2Outline ways of correcting a balance of payments deficit.
- 6.2.7.3Convert currencies using exchange rates.
Lessons
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Balance of trade and balance of payments
35 min
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Exchange rates: appreciation, depreciation and their effects
28 min
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Sample question
A sample question on this topic. Answer it, check it, then read the worked answer.
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