Distinguish between the types of transactions recorded in the current account and those recorded in the financial

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Distinguish between the types of transactions recorded in the current account and those recorded in the financial account. If a country runs a current account deficit, is the value of its exports of goods and services likely to be larger or smaller than the value of its imports of goods and services? Briefly explain.

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Money, Banking, and the Financial System

ISBN: 978-0134524061

3rd edition

Authors: R. Glenn Hubbard, Anthony Patrick O'Brien

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