1 Balance of payments.
a What is the current account generally composed of?
b What is the financial account generally composed of?
2 Inflation effect on trade.
a How would a relatively high home inflation rate affect the home country's current account, other things being equal?
b Is a negative current account harmful to a country? Discuss.
3 Government restrictions. How can government restrictions affect international payments among countries?
4 IMF.
a What are some of the major objectives of the IMF?
b How is the IMF involved in international trade?