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Define the Balance of Payments report and discuss the importance of the Current Account, Capital/Finance Account and the Official Reserve Account. Which account is most
Define the Balance of Payments report and discuss the importance of the Current Account, Capital/Finance Account and the Official Reserve Account. Which account is most watched and why? Discuss how a change in the currency exchange rate impacts the current account. Here's a question that will require some thought, "How will a weakening U.S. dollar affect unemployment in the U.S.?"
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