Why does the BOP always “balance”?
Answer to relevant QuestionsWhat 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 is the European Financial Stability Facility (EFSF), and what role might it play in the resolution of the eurozone debt crisis? What is a credit default swap (CDS)? Define each of the following types of foreign exchange transactions: a. Spot. b. Outright forward. c. Forward-forward swap. The Venezuelan government officially floated the Venezuelan bolivar (Bs) in February of 2002. Within weeks, its value had moved from the pre-float fix of BS778/$ to Bs1025/$. a. Is this a devaluation or depreciation? b. By ...
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