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(b) Please explain what is meant by the term Balance of Payments. Describe and list the...

(b) Please explain what is meant by the term Balance of Payments. Describe and list the principal components of a nation’s Balance – of – Payments accounts.

                      (c)   What factors do lending institutions usually look at when evaluating a consumer loan

                              application? Why?

                      (d)   Who are the principal types of consumer lending intuitions in the financial system?

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