Short bio on the Colombian Peso (COP) and its importance to global trade.

Section 2 Consider the information in Unit two material and using your own research on the situation in your own country (or any other Caribbean country of your choice), answer the following questions:a) In your opinion, which two factors affecting exchange rates, has the most impact in your, or your chosen, jurisdiction?  b) Does the most important factor influencing exchange rates in your country differ from those that may apply in larger economies?

Define balance of payments. And explain why it is useful to examine a country’s balance-of-payments data?

Which of the following would contribute to a positive trade balance for a country? Answer 1. Having tourists visit the country 2. Importing textiles 3. Having foreign residents buy the government bonds of the country 4. Importing financial services