Problem
1. What is meant by our balance of payments? Explain what current account and capital account are.
2. What is the gold standard? How does it work?
3. Why does the dollar fluctuate with other currencies?
4. How did the United States go from being the world's largest creditor nation to the world's largest debtor?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.