Problem
1. Can there be a deficit on current account and a deficit on capital account at the same time? Explain.
2. For several months before your vacation trip to Germany you find that the exchange rate for the dollar has increased relative to the euro. Are you pleased or saddened? Explain.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.