There was reduction in the surplus on the current account of the French balance of Payments between 1998 and 2000. Essay Question: Using the data, assess whether this reflects a deterioration in the performance of the French economy. AQA (15) The current account measures the balance of trade in goods and service between France and …
The UK government has a national debt of over 55% of GDP. It finances its debt by borrowing from the private sector. Its debt is managed by the Debt Management Office DMO 1. By issuing government bonds (gilt edged stocks) demand comes mainly from non- bank financial sector e.g. insurance co. i) e.g. Treasury 10% …
European Union For AQA Unit 4 Origins of the EU Economic Integration Single Market What it involves Efficiency of the Single Market Common Agricultural Policy Reform of the CAP Expansion of the EU Monetary Union What it involves How it affects Monetary Policy Impact of European wide inflation targeting and interest policy Arguments for Against …
Free general advice for Studying Economics Learn the basics first. You can answer a lot of questions just through mastering supply and demand questions. Practise Questions. To learn you need to practise and answer questions yourself. Don’t just read the textbook. Reading is a form of passive learning; there is a limit to what you …
A Bank Note is a piece of paper money which is issued by a bank. In the UK, all banknotes are issued by the Bank of England which is the legally recognised tender. History of Bank Notes Before the advent of banknotes, money had to have intrinsic value. For example, people would pay for things …
Definition for bill of exchange: A bill of exchange is a short dated security used to finance foreign trade. It can be cashed at any time by the supplier Examples – bills of exchange In the Commonwealth almost all jurisdictions have codified the law relating to negotiable instruments in a Bills of Exchange Act, e.g. …
Definition of Black Market A ‘black market’ is a sector of the economy where transactions occur without the knowledge of the government and usually involve the breaking of certain laws such as filing proper tax returns. Other terms may include Underground market Hidden economy Grey market Unreported markets A black market can also refer to …
Definition of The Business cycle – The Business cycle refers to the cyclical nature of economic growth. Typically the business cycles involves a period of rapid growth followed by slower growth or in some cases a recession. The business cycle is sometimes referred to as the ‘trade cycle’ or just economic cycle. Some business cycles …