What Are the Components of the Current Account of the Balance-Of-Payments

question 18

Essay

What are the components of the current account of the balance-of-payments?

Evaluate the effectiveness of different proofreading strategies.

Apply strategies for enhancing message clarity and effectiveness during the revision phase.

Understand the role of formatting elements in enhancing message readability.

Know the appropriate use of lists and punctuation in written communication.

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Definitions:

Subjective Standard

A legal standard based on an individual's personal feelings, tastes, or opinions, often used in determining the reasonableness of an action in legal cases.

Objective Impossibility

A situation where the performance of a contractual duty cannot be done by anyone because it is physically or legally impossible.

Subjective Impossibility

A situation in which it is impossible for an individual to perform a contractual duty due to personal inability or circumstances, despite the task being objectively possible.

Frustration Of Purpose

A defense in contract law that may excuse parties from their obligations if an unforeseen event undermines the contract's original purpose.