Where in the balance of payments accounts do the flows of “laundered” money by drug dealers and international terrorist organizations appear?
Answer to relevant QuestionsThe U.S. dollar has maintained or increased its value over the past 20 years, despite running a gradually increasing current account deficit. Why has this phenomenon occurred? What are the main component accounts of the current account? Give one debit and one credit example for each component account for the United States. What organizations appear to be the most exposed to the declining value of eurozone sovereign debt? What were the three key elements of the package used by the U.S. government to resolve the 2008–2009 credit crisis? a. What is the geographical location? b. What are the two main types of trading systems for foreign exchange? c. How are foreign exchange markets connected for trading activities?
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