Lecture Macroeconomics (20/e): Chapter 21 - McConnell, Brue, Flynn
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Chapter 21 - The balance of payments, exchange rates, and trade deficits. This chapter takes a look at a country’s balance of payments, which essentially records all transactions that take place between one country and all the others. In this discussion, we will investigate how official reserves are used to ensure that the balance of payments does balance.
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