Explain two monetary effects for balance of payments


Discussion Questions

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Compare the effects of sanctions on the global economies of North Korea and Cuba. Choose a time frame and determine how policies, currencies, tariffs, trade arrangements and other variables not only impact a country but a region and the global economy. Examine the monetary aspects of international trade. Explain two monetary effects for balance of payments, foreign exchange, and exchange rate determination of these two countries.

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Microeconomics: Explain two monetary effects for balance of payments
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