Question: 1) Regarding Monetary & Currency Exchange Issues, answer the following: a) What are the three categories of the Balance of Payments and which is the

1) Regarding Monetary & Currency Exchange Issues, answer the following:

a) What are the three categories of the Balance of Payments and which is the most followed and why?

b) What would cause a country's currency to weaken?...or strengthen?

c) How is trade affected by a weakening currency?...or strengthening currency?

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