Give a basic definition of the balance of payments.
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Q11: Assume that Italian citizens buy U.S. bonds.
Q12: How are the exports of a country
Q13: Explain what would happen to the dollar-price
Q14: Explain the basic terms of the Bretton
Q15: What is a country's balance of trade?
Q17: How are the imports of a country
Q19: The U.S. demand for foreign exchange arises
Q20: If the current account is in surplus
Q21: Explain what the balance on current account
Q26: Define the exchange rate.
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