I'm scared

@@MCart1215 same

Lol paper 2 later on today

@@sammyboy4330 scared

@@shadowspider4140 thoughts?

its vikkstar123 in disguise im telling u

Did you get in

Did you get it

did you get in boss

Just look him up on Google - he did get in!

@@yanxiongchen1185 wdym

no, lol

hope you didnt write that in your exam :( LMao

the one i learnt was wpidec - Weak Pound = Imports Dearer, Exports Cheaper. ( basically the same as widec) it means that if sterling depreciates, it is worth less so can buy less of other currencies. hence to buy goods from abroad you must use more of your domestic currency (so imports dearer) and similarly if euros can now buy more sterling, people in france buying uk goods get them for less so exports are cheaper

@@maxantcliff4435 so inflation leads to widec? And does that improve the trade position of an economy?

@@LebronJames-vi4wi Inflation worsens the trade position of the economy. Higher inflation means that the exchange rate increases and so it becomes cheaper for the domestic country to import (as the domestic currency has greater value), but their exports becomes more expensive. Therefore there will be a trade deficit.

Michelle Pun well what you’re selling is a promise to pay more money back in the future, they are paying you money now and you will pay back later - it’s a debt.

if i lent you money and then i heard a rumour from a mate that he lent you money, but you didnt pay him back, then i will demand my money back form you

+Max Antcliff thanks:)

Max Antcliff Bravo 👏 loved your e.g.

+Tamanna Ali Issuing, bonds, shares, derivatives or other financial instruments in order to access cash to finance a current account deficit

+EconplusDal thank you

Bonds

+BADAL SONAWANE With greater imports, a country must exchange (sell) its currency for foreign currency. This increases the supply, shifting the supply curve of the currency to the right, which puts downward pressure on the exchange rate, it weakens.

+EconplusDal ohh got it.. thx for replying :D

Hope I've caught you into for the exam, supply shifts to the right as the UK attempts to issue greater supply of government bonds to correct the deficit this will like to s shift to the right in supply as more foreign direct investment leads to greater supply of the pound

@@ImMarley Would it more likely be about how imports are being sold in greater magnitude than exports, and so the supply of the currency increases through this?

@@kirkychicken1248 cramming econ?

@@chaehlvvr yes just started the content! 😃😃😃😃😃

@@kirkychicken1248 oh gosh we’ve only got like 2 hours 😦

weak exchange rate imports dear exports cheaper

Jeremy Warner 18% better late than never

@@alasdairwood9638 HAHAHA

+Courtney Smith the fuck does this have to do with current account deficit?

Ya right

India doesn't have one ;P

Conor McCracken hahahahah