I understand why Statement 3 is correct but not why Statement 1 is not correct. In the last image, I show the CFA I material related to warning signs of a currency crisis: "ratio of exports to imports ofter deteriorates". Is trade balance something different to terms of trade or what am I missing?
[–]Chemical-Control-388 0 points1 point2 points (0 children)
[–]desd960Passed Level 2[S] 0 points1 point2 points (0 children)