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1 markBalance of Payments and Exchange Rates

CSEC Economics · May/June 2012 · Paper 2 · Question 6(d)(iii)

By what name will the transaction 'A St Lucian buys shares in Microsoft in the United States of America' be known in the Balance of Payments Account of St Lucia?

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Other parts of this question

  1. 6(a)(i)Define the term 'Common external tariff' as it relates to international trade.[2 marks]
  2. 6(a)(ii)Define the term 'Import quota' as it relates to international trade.[2 marks]
  3. 6(b)Identify THREE reasons why governments adopt protectionist measures.[3 marks]
  4. 6(c)Explain, with examples, TWO items that would be found in EACH of the following sections of the Balance of Payments Account: (i) Current Account (ii) Capital…[8 marks]
  5. 6(d)(i)By what name will the transaction 'A St Lucian travels to France on holiday' be known in the Balance of Payments Account of St Lucia?[1 mark]
  6. 6(d)(ii)By what name will the transaction 'British visitors attend the 20/20 cricket match at the Beausejour Cricket Ground in St Lucia' be known in the Balance of…[1 mark]
  7. 6(d)(iv)By what name will the transaction 'Vanguard Atlantic earns US…[1 mark]
  8. 6(d)(v)By what name will the transaction 'An American citizen sets up a company in the capital of St Lucia' be known in the Balance of Payments Account of St Lucia?[1 mark]

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