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I. Accerding to an article in the Economist, countries with persistent currentaccount deficits tend to have higher real mterest rates than surplus countnes. What do
I. Accerding to an article in the Economist, "countries with persistent currentaccount deficits tend to have higher real mterest rates than surplus countnes." What do high interest rates have to do with current account deficits? (4 marks)
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