Knowing the ways to determine the rate of exchange is insufficient as the skills to weigh the effects of this is still lacking. International payments and trades are highly susceptible to currency depreciation or appreciation, knowing how this happens is important. In order to understand these concepts better the cement needs to be laid for study of the scale of international trading, borrowing and lending. Keeping a record of these different forms of transactions are crucial and they are encapsulated under the topic of balance of payments accounts.
Links of Previous Main Topic:-
- Definition of Economics
- Economic Problem
- Market Equilibrium
- Employment and Unemployment
- Measuring GDP and Economic Growth
- Economic Growth Macroeconomics
- The Exchange Rate and the Balance of Payments
- The Foreign Exchange Market
Links of Next Macroeconomics Topics:-