TAILIEUCHUNG - Lecture Understanding economics (2nd edition): Chapter 15 - Mark Lovewell, Khoa Nguyen

Chapter 15 - The foreign sector. In this chapter, you will: Be introduced to the balance-of-payments accounts, which include the current account and the capital account; learn about exchange rates and how they are determined; examine exchange rate systems and their evolution. | Understanding Economics Chapter 15 The Foreign Sector Copyright © 2002 by McGraw-Hill Ryerson Limited. All rights reserved. 2nd edition by Mark Lovewell and Khoa Nguyen Chapter Objectives In this chapter, you will: be introduced to the balance-of-payments accounts, which include the current account and the capital account learn about exchange rates and how they are determined examine exchange rate systems and their evolution Copyright © 2002 by McGraw-Hill Ryerson Limited. All rights reserved. * Copyright © 2002 by McGraw-Hill Ryerson Limited. All rights reserved. The Balance of Payments Accounts The balance of payments accounts provide a summary of all transactions between Canadian residents and foreigners that involve exchanging Canadian dollars for some other currency receipts (shown by a + sign) represent monetary inflows to the Canadian economy payments (shown by a - sign) represent monetary outflows from the Canadian economy * Copyright © 2002 by McGraw-Hill Ryerson Limited. .

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• Understanding economics
• Lecture Understanding economics
• Economic problem
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• The foreign sector
• Balance of payments accounts
• Reading and understanding economics
• Fiscal policy
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• Featuring the demise
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• Foreign trade
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