7 min read
This study guide covers international trade and finance, focusing on the balance of payments (current and capital accounts), exchange rates (appreciation and depreciation), the Foreign Exchange Market (FOREX), how policies and economic conditions affect FOREX, and the relationship between FOREX changes and net exports/GDP. Key terms include net exports, current account, capital account, and FOREX. It also provides practice questions and exam tips.
Give us your feedback and let us know how we can improve
Question 1 of 9
🎉 Ready to kick things off? Which of the following is the BEST definition of the Balance of Payments?
A record of a country's government budget
A summary of all transactions between a country and the rest of the world
A statement of a country's assets and liabilities
A measure of a country's inflation rate