Balance of Payment
H2 Economics Only
Balance of payments is a method governments use to monitor international monetary transactions. It depicts the inflows and outflows in an economy and consists of the current account, capital account, and financial account. Students are expected to be well versed in the various terminologies used in this chapter as well as the methods to determine the health of an economy.
Economics Tuition: Explain how the Monetary Authority of Singapore uses the managed-float exchange rate system to regulate the exchange rate
The Monetary Authority of Singapore (MAS) adopts a managed-float exchange rate system, which requires direct government intervention in the foreign exchange market through the direct buying and selling of the Singapore Dollars and foreign currencies. The MAS will set...read more