6.1.1 - Current Account
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Practice Questions
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What is recorded in the Current Account?
💡 Hint: Think about trade and financial flows.
Define Balance of Trade.
💡 Hint: Consider what it measures.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What does a Current Account record?
💡 Hint: Think about the components that make up the Current Account.
True or False: A current account deficit means a country is borrowing from other countries.
💡 Hint: Consider the implications of net imports versus exports.
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Challenge Problems
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A country has exports worth $300 billion and imports worth $400 billion. Calculate the Current Account balance and discuss the implications of a deficit.
💡 Hint: Consider how the relationship between imports and exports influences the economy.
Analyze how an increase in remittances from abroad could affect a country's Current Account balance.
💡 Hint: Think about the effect of money flows without goods exchanged.
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