Assignment
For most goods and services bought and sold in a marketplace, prices are determined by supply and demand. Exchange rates are no different. Absent government or central bank interference, the supply of and demand for currencies determine their prices.
Do the following to complete this assignment:
1. Explain the international balance of payments (BOP) and the reason for its use.
2. Examine how surpluses and deficits in the balance of payments (BOP) affect exchange rates.
3. Explain the balance of payment (BOP) summary accounts and the process through which surpluses and deficits are tracked through their use.
4. Provide an example by creating a balance of payment summary account sample, including a surplus or deficit.
Write a 2-3-page paper in Word format.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also include a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also Include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.