\documentclass[10pt,a4paper]{article} % Packages \usepackage{fancyhdr} % For header and footer \usepackage{multicol} % Allows multicols in tables \usepackage{tabularx} % Intelligent column widths \usepackage{tabulary} % Used in header and footer \usepackage{hhline} % Border under tables \usepackage{graphicx} % For images \usepackage{xcolor} % For hex colours %\usepackage[utf8x]{inputenc} % For unicode character support \usepackage[T1]{fontenc} % Without this we get weird character replacements \usepackage{colortbl} % For coloured tables \usepackage{setspace} % For line height \usepackage{lastpage} % Needed for total page number \usepackage{seqsplit} % Splits long words. %\usepackage{opensans} % Can't make this work so far. Shame. Would be lovely. \usepackage[normalem]{ulem} % For underlining links % Most of the following are not required for the majority % of cheat sheets but are needed for some symbol support. \usepackage{amsmath} % Symbols \usepackage{MnSymbol} % Symbols \usepackage{wasysym} % Symbols %\usepackage[english,german,french,spanish,italian]{babel} % Languages % Document Info \author{tarsrko} \pdfinfo{ /Title (balance-of-payments-economics-cie-a-level.pdf) /Creator (Cheatography) /Author (tarsrko) /Subject (Balance of Payments (Economics CIE A Level) Cheat Sheet) } % Lengths and widths \addtolength{\textwidth}{6cm} \addtolength{\textheight}{-1cm} \addtolength{\hoffset}{-3cm} \addtolength{\voffset}{-2cm} \setlength{\tabcolsep}{0.2cm} % Space between columns \setlength{\headsep}{-12pt} % Reduce space between header and content \setlength{\headheight}{85pt} % If less, LaTeX automatically increases it \renewcommand{\footrulewidth}{0pt} % Remove footer line \renewcommand{\headrulewidth}{0pt} % Remove header line \renewcommand{\seqinsert}{\ifmmode\allowbreak\else\-\fi} % Hyphens in seqsplit % This two commands together give roughly % the right line height in the tables \renewcommand{\arraystretch}{1.3} \onehalfspacing % Commands \newcommand{\SetRowColor}[1]{\noalign{\gdef\RowColorName{#1}}\rowcolor{\RowColorName}} % Shortcut for row colour \newcommand{\mymulticolumn}[3]{\multicolumn{#1}{>{\columncolor{\RowColorName}}#2}{#3}} % For coloured multi-cols \newcolumntype{x}[1]{>{\raggedright}p{#1}} % New column types for ragged-right paragraph columns \newcommand{\tn}{\tabularnewline} % Required as custom column type in use % Font and Colours \definecolor{HeadBackground}{HTML}{333333} \definecolor{FootBackground}{HTML}{666666} \definecolor{TextColor}{HTML}{333333} \definecolor{DarkBackground}{HTML}{F67280} \definecolor{LightBackground}{HTML}{FDEDEF} \renewcommand{\familydefault}{\sfdefault} \color{TextColor} % Header and Footer \pagestyle{fancy} \fancyhead{} % Set header to blank \fancyfoot{} % Set footer to blank \fancyhead[L]{ \noindent \begin{multicols}{3} \begin{tabulary}{5.8cm}{C} \SetRowColor{DarkBackground} \vspace{-7pt} {\parbox{\dimexpr\textwidth-2\fboxsep\relax}{\noindent \hspace*{-6pt}\includegraphics[width=5.8cm]{/web/www.cheatography.com/public/images/cheatography_logo.pdf}} } \end{tabulary} \columnbreak \begin{tabulary}{11cm}{L} \vspace{-2pt}\large{\bf{\textcolor{DarkBackground}{\textrm{Balance of Payments (Economics CIE A Level) Cheat Sheet}}}} \\ \normalsize{by \textcolor{DarkBackground}{tarsrko} via \textcolor{DarkBackground}{\uline{cheatography.com/146114/cs/31564/}}} \end{tabulary} \end{multicols}} \fancyfoot[L]{ \footnotesize \noindent \begin{multicols}{3} \begin{tabulary}{5.8cm}{LL} \SetRowColor{FootBackground} \mymulticolumn{2}{p{5.377cm}}{\bf\textcolor{white}{Cheatographer}} \\ \vspace{-2pt}tarsrko \\ \uline{cheatography.com/tarsrko} \\ \end{tabulary} \vfill \columnbreak \begin{tabulary}{5.8cm}{L} \SetRowColor{FootBackground} \mymulticolumn{1}{p{5.377cm}}{\bf\textcolor{white}{Cheat Sheet}} \\ \vspace{-2pt}Not Yet Published.\\ Updated 9th April, 2022.\\ Page {\thepage} of \pageref{LastPage}. \end{tabulary} \vfill \columnbreak \begin{tabulary}{5.8cm}{L} \SetRowColor{FootBackground} \mymulticolumn{1}{p{5.377cm}}{\bf\textcolor{white}{Sponsor}} \\ \SetRowColor{white} \vspace{-5pt} %\includegraphics[width=48px,height=48px]{dave.jpeg} Measure your website readability!\\ www.readability-score.com \end{tabulary} \end{multicols}} \begin{document} \raggedright \raggedcolumns % Set font size to small. Switch to any value % from this page to resize cheat sheet text: % www.emerson.emory.edu/services/latex/latex_169.html \footnotesize % Small font. \begin{multicols*}{3} \begin{tabularx}{5.377cm}{X} \SetRowColor{DarkBackground} \mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{An introduction to BOP}} \tn \SetRowColor{white} \mymulticolumn{1}{x{5.377cm}}{{\bf{Definition}} \newline % Row Count 1 (+ 1) It records all economic transactions which take place internally and externally; it shows the inflows and outflows of money. \newline % Row Count 4 (+ 3) {\emph{Inflows = CR}} \newline % Row Count 5 (+ 1) {\emph{Outflows = DR}} \newline % Row Count 6 (+ 1) {\bf{Components (mainly)}} \newline % Row Count 7 (+ 1) - Current Account \newline % Row Count 8 (+ 1) - Capital Account \newline % Row Count 9 (+ 1) - Financial Account% Row Count 10 (+ 1) } \tn \hhline{>{\arrayrulecolor{DarkBackground}}-} \SetRowColor{LightBackground} \mymulticolumn{1}{x{5.377cm}}{BOP is used to analyse trade performance of a country and allow for comparison between countries.} \tn \hhline{>{\arrayrulecolor{DarkBackground}}-} \end{tabularx} \par\addvspace{1.3em} \begin{tabularx}{5.377cm}{x{2.29735 cm} p{0.45947 cm} p{0.45947 cm} x{0.96071 cm} } \SetRowColor{DarkBackground} \mymulticolumn{4}{x{5.377cm}}{\bf\textcolor{white}{Structure of BOP}} \tn % Row 0 \SetRowColor{LightBackground} & CR \$M & DR \$M & BALANCES \$M \tn % Row Count 2 (+ 2) % Row 1 \SetRowColor{white} \mymulticolumn{4}{x{5.377cm}}{{\bf{Current Account}}} \tn % Row Count 3 (+ 1) % Row 2 \SetRowColor{LightBackground} Trade In Goods & 500 & 700 & (200) \tn % Row Count 4 (+ 1) % Row 3 \SetRowColor{white} Trade In Services & 800 & 600 & 200 \tn % Row Count 5 (+ 1) % Row 4 \SetRowColor{LightBackground} Primary Income & 75 & 50 & 25 \tn % Row Count 6 (+ 1) % Row 5 \SetRowColor{white} Secondary Income & 10 & 25 & (15) \tn % Row Count 7 (+ 1) % Row 6 \SetRowColor{LightBackground} Current Account Balance & & & {\bf{10}} \tn % Row Count 9 (+ 2) % Row 7 \SetRowColor{white} {\bf{Capital Account}} & 80 & 75 & {\bf{5}} \tn % Row Count 10 (+ 1) % Row 8 \SetRowColor{LightBackground} {\bf{Financial Account}} & 60 & 100 & {\bf{(40)}} \tn % Row Count 11 (+ 1) % Row 9 \SetRowColor{white} {\emph{Total}} & & & {\emph{(25)}} \tn % Row Count 12 (+ 1) % Row 10 \SetRowColor{LightBackground} {\bf{Official Financing}} & & & {\bf{24}} \tn % Row Count 13 (+ 1) % Row 11 \SetRowColor{white} {\bf{Net Errors \& Omissions}} & & & {\bf{1}} \tn % Row Count 15 (+ 2) % Row 12 \SetRowColor{LightBackground} & & & {\emph{25}} \tn % Row Count 16 (+ 1) \hhline{>{\arrayrulecolor{DarkBackground}}----} \SetRowColor{LightBackground} \mymulticolumn{4}{x{5.377cm}}{{\bf{BOP should be zero.}} \newline Current, Capital and Financial should balance each other out. \newline {\emph{Current + Capital + Financial + Balancing item = 0}}} \tn \hhline{>{\arrayrulecolor{DarkBackground}}----} \end{tabularx} \par\addvspace{1.3em} \begin{tabularx}{5.377cm}{X} \SetRowColor{DarkBackground} \mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{Current Account Surplus}} \tn \SetRowColor{white} \mymulticolumn{1}{x{5.377cm}}{Defn - \newline % Row Count 1 (+ 1) Causes - \newline % Row Count 2 (+ 1) Consequences% Row Count 3 (+ 1) } \tn \hhline{>{\arrayrulecolor{DarkBackground}}-} \end{tabularx} \par\addvspace{1.3em} \begin{tabularx}{5.377cm}{X} \SetRowColor{DarkBackground} \mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{Capital Account}} \tn \SetRowColor{white} \mymulticolumn{1}{x{5.377cm}}{It records transactions pertaining to the {\bf{transfer of ownership, acquisition and disposal of assets}}. \newline % Row Count 3 (+ 3) {\emph{For example, if a government obtains a capital for construction of a college, it is recorded as an inflow of capital (CR)}}% Row Count 6 (+ 3) } \tn \hhline{>{\arrayrulecolor{DarkBackground}}-} \SetRowColor{LightBackground} \mymulticolumn{1}{x{5.377cm}}{The difference between inflows and outflows of capital is termed as the net capital flow} \tn \hhline{>{\arrayrulecolor{DarkBackground}}-} \end{tabularx} \par\addvspace{1.3em} \begin{tabularx}{5.377cm}{X} \SetRowColor{DarkBackground} \mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{Financial Account}} \tn \SetRowColor{white} \mymulticolumn{1}{x{5.377cm}}{It records investments made overseas by the residents of a country ({\bf{domestic ownership of foreign assets}}) and those carried out by foreigners in the country ({\bf{foreign ownership of domestic assets}})% Row Count 5 (+ 5) } \tn \hhline{>{\arrayrulecolor{DarkBackground}}-} \end{tabularx} \par\addvspace{1.3em} \begin{tabularx}{5.377cm}{X} \SetRowColor{DarkBackground} \mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{Official Financing}} \tn \SetRowColor{white} \mymulticolumn{1}{x{5.377cm}}{It refers to the borrowing and reserves of a country. Governments borrow from financial institutions and existing reserves. The surplus arising from these is used for payment of external debts.% Row Count 4 (+ 4) } \tn \hhline{>{\arrayrulecolor{DarkBackground}}-} \end{tabularx} \par\addvspace{1.3em} \begin{tabularx}{5.377cm}{X} \SetRowColor{DarkBackground} \mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{Net Errors and Omissions}} \tn \SetRowColor{white} \mymulticolumn{1}{x{5.377cm}}{It is simply a balancing item. The recording of transactions in a BOP is a very complex exercise and therefore, authorities need to cater for errors and omission that occur under this heading.% Row Count 4 (+ 4) } \tn \hhline{>{\arrayrulecolor{DarkBackground}}-} \end{tabularx} \par\addvspace{1.3em} \begin{tabularx}{5.377cm}{X} \SetRowColor{DarkBackground} \mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{Current Account}} \tn \SetRowColor{white} \mymulticolumn{1}{x{5.377cm}}{It records the flow of goods and services in and out of a country. \newline % Row Count 2 (+ 2) Export = inflow = CR entry \newline % Row Count 3 (+ 1) Import = outflow = DR entry \newline % Row Count 4 (+ 1) The Current Account Balance is obtained from summation of Trade in Goods, Trade in Services, Primary income and Secondary income.% Row Count 7 (+ 3) } \tn \hhline{>{\arrayrulecolor{DarkBackground}}-} \end{tabularx} \par\addvspace{1.3em} \begin{tabularx}{5.377cm}{X} \SetRowColor{DarkBackground} \mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{Current Account Components}} \tn \SetRowColor{white} \mymulticolumn{1}{x{5.377cm}}{{\bf{1. Trade In Goods}} \newline % Row Count 1 (+ 1) It includes {\emph{the import and export of tangible items}}. The difference between the two is the Balance of Trade - either Balance of Trade deficit or surplus. Eg an Indian firm paying a Canadian firm for supplying raw materials will be recorded as a DR entry in India and CR entry in Canada. \newline % Row Count 7 (+ 6) {\bf{2. Trade In Services}} \newline % Row Count 8 (+ 1) It includes {\emph{the export and import of intangible items}} such as education, accountancy, health services. The difference between the two is the Balance of Invisible Trade. Eg a Canadian firm paying an Indian firm for accountancy services will be recorded as a DR entry in Canada and a CR entry in India. \newline % Row Count 15 (+ 7) {\bf{3. Primary Income}} \newline % Row Count 16 (+ 1) It covers income earned by individuals and firms. \newline % Row Count 18 (+ 2) {\bf{4. Secondary Income}} \newline % Row Count 19 (+ 1) Previously called Current Transfers,% Row Count 20 (+ 1) } \tn \hhline{>{\arrayrulecolor{DarkBackground}}-} \SetRowColor{LightBackground} \mymulticolumn{1}{x{5.377cm}}{Unlike the BOP (which should be equal to be 0), the Current Account balance is expected to theoretically run at a surplus or deficit. \newline \newline When {\bf{value of inflows (CR entries) \textgreater{} value of outflows (DR entries)}}, a Current Account {\bf{Surplus}} is recorded. \newline When {\bf{value of outflows (DR entries) \textgreater{} value of inflows (CR entries)}}, a Current Account {\bf{Deficit}} is recorded. \newline \newline {\emph{Surplus - positive balance}} \newline {\emph{Deficit - negative balance}}} \tn \hhline{>{\arrayrulecolor{DarkBackground}}-} \end{tabularx} \par\addvspace{1.3em} % That's all folks \end{multicols*} \end{document}