Why Should the Balance of Payments Always Be Zero for Countries

question 9

Essay

Why should the balance of payments always be zero for countries with flexible exchange rates?

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Definitions:

Noncitizens

Individuals who do not hold citizenship in the country in which they live, often subject to different legal rights and obligations than citizens.

Citizens

Members of a political community, typically having both rights and duties associated with membership in a given nation-state.

Pan-Indianism

A movement aiming to promote unity among different Native American tribes beyond individual and tribal affiliations, often to address common issues facing Native peoples.

Tanya Golash-Boza

is an academic and author known for her work on immigration, race, and the social impacts of U.S. public policy.