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Foreign currency balance of payments, current account & capital

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Why would a U.S. resident ever wish to acquire foreign currencies? Relate to transactions in the current account and the capital account.

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The expert determines why a United States resident would ever wish to acquire foreign currencies.

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There is no one right answer in Economics, other than theories.

Why would a U.S. resident ever wish to acquire foreign currencies? Relate to transactions in the current account and the capital account.

There may be several reasons for a U.S. resident to acquire foreign currency. One probable reason can be:

Suppose, a U.S. resident travels to a foreign country. He ...

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