Describe two reasons why a country may be facing a balance, Business Economics

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Describe two reasons why a country may be facing a balance

a) Describe two reasons why a country may be facing a Balance of Payments (BOP) deficit.

b) What is the Official Reserves Account (ORA) and why is it more important for countries under a fixed exchange rate regime than for those under a floating exchange rate regime?

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Business Economics: Describe two reasons why a country may be facing a balance

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