7.1 - Current Account
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Practice Questions
Test your understanding with targeted questions
What does the current account represent?
💡 Hint: Think about what types of economic activities occur between countries.
Define trade balance.
💡 Hint: Consider what happens when a country sells more than it buys.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What is included in the current account?
💡 Hint: Think about the various ways countries interact economically.
True or False: A trade deficit means that a country has more imports than exports.
💡 Hint: Considering the balance of trade will help clarify this.
1 more question available
Challenge Problems
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Assume a country has a current account deficit for five consecutive years. Discuss the potential long-term impacts on its economy and monetary policy.
💡 Hint: Consider both economic and political factors influencing monetary policies.
Reflect on how different types of government intervention can affect the current account balance. Offer both positive and negative outcomes.
💡 Hint: Think about real-world examples of trade policies affecting current account balances.
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