Assignment
Length: 5-7 pages.
Instructions
After completing external research, write a paper to summarize, analyze, and interpret the significance of the Balance of Payments (BOP). Organize your paper as follows:
1. Define the BOP, and discuss the general accounting that goes into the development of the statement.
2. Access the Current Account for the US from the International Monetary Fund web site, and report these figures in both tables, and graphic format for the years 2007 to present. Explain the nature of the metrics that are presented. Access the Financial Account for the US from the International Monetary Fund web site, and report these figures in both tablular and graphic format for the years 2007 to present. Explain the nature of the metrics presented.
3. Using the data that you constructed in Part 2 above, describe the meaning that you would take from these metrics and trends for a multinational business manager. Further, discuss how the BOP data is related to exchange rates. Discuss the meaning of the J-curve and what that can mean for the business manager at a Multinational firm.
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 includes 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.