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Capital account

S:\triplea_resources\DP_topic_packs\economics\student_topic_packs\media_microeconomics\images\dollar_symbol.jpgThe capital account is a relatively small element of the balance of payments. It includes capital transfers, such as debt forgiveness and migrants' transfers. It also includes the acquisition and disposal of non-produced, non-financial assets, such as land purchases and sales associated with embassies and other extra-territorial bodies.