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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

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