Question: 1. (_/15) Define the term and explain a situation that demonstrates the 'real world' application of each of the following. Make sure your example clearly

 1. (_/15) Define the term and explain a situation that demonstrates

1. (_/15) Define the term and explain a situation that demonstrates the 'real world' application of each of the following. Make sure your example clearly demonstrates your understanding of each concept. . Trade Deficit and Trade Surplus ( /5) b. Current Account and Financial Account ( 15) c. Appreciation and Depreciation ( 15)

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