What is foreign help and what is the goal of foreign aid

Reference no: EM13454977

1. Why can't all the balance of payments accounts be in surplus? What factors determine the demand for British pounds in foreign exchange markets? How are exchange rates determined under a flexible exchange rate system?

2. What is foreign aid and what is the goal of foreign aid? Does foreign aid promote economic development? Explain briefly.

Reference no: EM13454977

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