select all that are true

Hedging or coverage is necessary for the balance of payments to work because the uncertainty of future FX rates the current account involves supply chain risk the immediate financial account risk is greater than the current account risk. The arbitrage in the financiai account would have too much return trip risk to re-oquilibrate the BOP without it the presence of carry traders QUESTION 8 Net exports equals private savings plus govemment spending less consumption Output less consumption, private ifvestment, and govomment spending oxports of goods and services minus imports of goods and services imports of goods and services minus exports of goods and services. Output minus domestic consumption minus domestic government expendituren minus investment made by domestic agents in the domestic oconomy