What are the components of the current account

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Reference no: EM13181568

1. Under the gold standard, there was penalty for running a payments deficit but no penalty for running a payments surplus. Explain.

2.The Bretton Woods Agreement was intended, in part, to make adjustment more symmetric between deficit and surplus countries. Explain.

3.What are the components of the current account, the financial account, the official reserve account?

Reference no: EM13181568

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