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(Appendix 4B) What is the value of S1 in the two equations?
Balance of Payments
A comprehensive summary of all economic transactions between residents of one country and the rest of the world over a specific period.
Exchange Rate
An economic measure that indicates how much one currency is worth in terms of another and is used in international financial transactions.
Mexican Pesos
The currency of Mexico, represented by the symbol $ or MX$ to differentiate it from other dollar-denominated currencies.
Appreciated
An increase in the value of an asset over time, often used in the context of currency, real estate, or financial investments.
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