CSEC Economics · May/June 2016 · Paper 2 · Question 4(b)
List THREE types of exchange rate regimes.
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- 4(a)Define the term 'balance of payments'.[2 marks]
- 4(c)(i)Distinguish between 'investment income' and 'foreign direct investment'.[4 marks]
- 4(c)(ii)Indicate where 'investment income' and 'foreign direct investment' appear in the balance of payments accounts.[2 marks]
- 4(d)Explain TWO ways in which currency devaluation can improve a country's balance of payments deficit.[4 marks]
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