Problem 1. Propose the connection between the balance of payments framework and exchange rates.
Problem 2. Propose the similarities and differences of current account and financial account in the balance of payments structure. In doing so, apply your analysis to explain the trade balance between U.S, and China.
Problem 3. Critique and assess the gold standard and its role in regard to monetary policy and the international monetary system.
Problem 4. Propose the importance of the financial account (from the BOP) to economic indicators.