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Hey pal. I am done with this one and it looks great.💪 Please, let me know if you need any fixing of revisions.😎 If not, please, you can clear right away and give me that awesome 5-star rating. 🙏 Thanks.Running Head: PRICING AND EXCHANGE RATESPricing and Exchange RatesStudent’s nameAffiliationCourse name and numberInstructor’s nameDue datePRICING AND EXCHANGE RATES2When it comes to international economics, one of the crucial measures of accounting isthe balance of payments. Typically, the balance of payments, according to Stern (2017), can bedescribed as the statement that summarizes the entirety of economic transactions that have takenplace between a nation’s residents and the other world economies. It records all financialtransactions that are made by the residents of a given country for a certain period of time (White,2019). This means that the balance of payments can be understood as a country’s balance sheetin which the entirety of international transactions in assets, services, and goods over a periodsuch as a year are recorded.Scholars and economics experts concur that as an accounting measure, the balance ofpayments is essential. Ideally, it serves as the source of reference and financial ledger of aneconomy’s financial transactions in all dimensions. As such, while it can assist economists inpredicting the future economic situation, the accounts of the balance of payments are critical inrevealing a particular nation’s economic health (White, 2019). Notably, while such accounts arevital in understanding the extent to which a nation’s economy has integrated with the rest of thewo…
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