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1) Provide a definition of the current account, the capital account, and the cash account. What is the relationship between the three accounts? 2) An

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1) Provide a definition of the current account, the capital account, and the cash account. What is the relationship between the three accounts? 2) An IMF official was quoted as acknowledging that the Fund's stabilization packages have often led to adjustment without growth. However, he said, "the Fund is a firefighter, not a carpenter, and you cannot expect the firefighter to rebuild the house as well as put out the fire." Provide a balanced evaluation of this statement. 1) Why does multinational corporation investment not necessarily offer the advantage of domestic employment expansion? 2) State at least two major benefits of promoting nongovernmental organizations in developing countries as sources and conduits of foreign assistance

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