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Please discuss the volume effect and the value effect in regards to how the current account will move given a change in the real exchange rate.
Financial Liability
An obligation to pay money to another party, including loans, bond issuances, and accounts payable.
Notes Payable
A formal, written agreement to pay a certain amount of money, with interest, by a specified future date.
Deferred Revenue
Income received by a company for goods or services yet to be delivered or performed, recognized as a liability.
Financial Lease
A type of lease in which the lessee essentially takes on the benefits and risks of owning the asset, although legal ownership is retained by the lessor.
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