(b) Please explain what is meant by the term Balance of Payments Describe and list the principal components of a nations Balance of Payments accounts (c) What factors do lending institutions usually look at when evaluating a consumer loan application Why (d) Who are the principal types of consumer lending intuitions in the financial system

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(b) Please explain what is meant by the term Balance of Payments. Describe and list the principal components of a nations Balance of Payments accounts.

application? Why?

(d) Who are the principal types of consumer lending intuitions in the financial system?

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