<p>I am trying to decipher certain abbreviations related to balance of payments. They are strange, and i have to admit i have no idea what did they mean furthermore i was not able to find anything relevant via google and also i am not able to find them in my macroeconomics textbook. So the abbreviations are: </p>

<p>rb, ka (capital account), rf, eo, bop (Balance of payments). </p>

<p>Those i know are in brackets. Could you help me find the meaning of those abbreviations?</p>

<p>EDIT: The question was the following given:
$rb=-1491, ka=2280, rf=-1551, rb+ka+eo=-3282$ calculate $bop$ and $eo$</p>

<p>answer is:
$eo=-4071$ and $bop=-1731$
and one more thing:
$rb+ka+eo-rf=bop$ and $rb+ka+eo-ka-rb=eo$ that is all i know.</p>

CC BY-SA 3.0
2015-06-07T16:09:11.753Z
You should probably include the equations they are in, otherwise they could stand for a lot of things.
Without the equations I would hazard a guess and say that $r_b$ might be the reserves the banks keep in the national bank and $r_f$ might be the reserve of foreign currency that the national bank holds.
Giskard
CC BY-SA 3.0
2015-06-07T16:33:40.673Z
I've added something, what about eo?
Krowskir
CC BY-SA 3.0
2015-06-07T16:39:08.187Z
I don't know but this is merely an exercise. Any equations from the lecture part of the textbook?
Giskard
CC BY-SA 3.0
2015-06-07T17:47:19.160Z
The problem is that i am not able to find those abbreviations in both textbook and presentation from lecture, i've added two equations
Krowskir
CC BY-SA 3.0
2015-06-10T07:39:07.347Z
EO = Errors and omissions

http://ec.europa.eu/eurostat/cache/metadata/en/bop_6_esms.htm
Tyler Wyckoff
<macroeconomics><national-accounts>
Balance of payments abbreviations
Krowskir
# Balance of payments abbreviations

(Asked by: username_0 on 2015-06-07)

I am trying to decipher certain abbreviations related to balance of payments. They are strange, and i have to admit i have no idea what did they mean furthermore i was not able to find anything relevant via google and also i am not able to find them in my macroeconomics textbook. So the abbreviations are:

rb, ka (capital account), rf, eo, bop (Balance of payments).

Those i know are in brackets. Could you help me find the meaning of those abbreviations?

EDIT: The question was the following given:
$rb=-1491, ka=2280, rf=-1551, rb+ka+eo=-3282$ calculate $bop$ and $eo$

answer is:
$eo=-4071$ and $bop=-1731$
and one more thing:
$rb+ka+eo-rf=bop$ and $rb+ka+eo-ka-rb=eo$ that is all i know.

**Tags:** macroeconomics, national-accounts

> **Comments:**
> **username_1**: You should probably include the equations they are in, otherwise they could stand for a lot of things. Without the equations I would hazard a guess and say that $r_b$ might be the reserves the banks keep in the national bank and $r_f$ might be the reserve of foreign currency that the national bank holds.  
> **username_0**: I've added something, what about eo?  
> **username_1**: I don't know but this is merely an exercise. Any equations from the lecture part of the textbook?  
> **username_0**: The problem is that i am not able to find those abbreviations in both textbook and presentation from lecture, i've added two equations  
> **username_2**: EO = Errors and omissions  http://ec.europa.eu/eurostat/cache/metadata/en/bop_6_esms.htm  

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