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In this interactive tutorial students will learn how to draft a balance of payments and see how it works. This is structured in three dynamics with very different objectives. The first two focus on an orderly or systematic drafting of a balance of payments defining its structure and assigning a place to each item and the corresponding items to each sub-balance. There are also exercises with some simple questions to test the students’ understanding of the measurement and interpretation of a balance of payments and some practical applications of using a balance of payments as an instrument for economic analysis.
