CSEC Economics · May/June 2014 · Paper 2 · Question 6(c)
Explain TWO ways in which increases in the exchange rate of a country can affect the balance of payments account.
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Practise this questionOther parts of this question
- 6(a)List THREE examples of transfers found in the current account section of the balance of payments.[3 marks]
- 6(b)(i)Define the term 'investment income' as it relates to a country's balance of payments account.[2 marks]
- 6(b)(ii)Define the term 'balance of payments disequilibrium'.[2 marks]
- 6(d)Calculate the current account balance for Country Z using the information provided in Table 4.[5 marks]
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