What are the main summary statements of the balance of payments accounts, and what do they measure?
Answer to relevant QuestionsWhere in the balance of payments accounts do the flows of “laundered” money by drug dealers and international terrorist organizations appear? Why does the BOP always “balance”? Why has the case of Portugal been termed a “case of contagion” rather than a sovereign debt crisis? Why were LIBOR rates so much higher than Treasury yields in 2007 and 2008? What is needed to return LIBOR rates to the lower, more stable levels of the past? Convert the following indirect quotes to direct quotes, and direct quotes to indirect quotes:
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