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3> 6 > 9 Balance of payment accounting enables us to understand: how transactions in product markets have consequences in the foreign exchange market how

3> 6 > 9 Balance of payment accounting enables us to understand: how transactions in product markets have consequences in the foreign exchange market how to explain the money supply changes for its importers throughout a given year how free trade is subverted by saboteurs who smuggle products across borders. how a country's terms of trade can be improved against its major trading partners

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