2) Describe the balances of the visible and invisible accounts.

the balance of the visible account is the balance of trade in goods the balance of the invisible account is the balance of trade in service. 3) Describe the consequences of your country’s current
account / financial account imbalances. 4)1s this surplus or deficit of a worrying level? Why or why not? 5)11 there is or was a deficit, how is/was it being financed? 6) Discuss the methods available to a government wishing to reduce its current account deficit?