Question
2a) Describe two reasons why a country may be facing a Balance of Payments (BOP) deficit. 2b) What is the Official Reserves Account (ORA) and
2a) Describe two reasons why a country may be facing a Balance of Payments (BOP) deficit.
2b) What is the Official Reserves Account (ORA) and why is it more important for countries under a fixed exchange rate regime than for those under a floating exchange rate regime?
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The official reserve account a subdivision of the capital account is the foreign currency and securities held by the government usually by its central bank and is used to balance the payments from yea...
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Finite Mathematics and Its Applications
Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair
12th edition
978-0134768588, 9780134437767, 134768582, 134437764, 978-0134768632
