![[Series 65] 7, International Economics and Balance of Payments](https://artwork.captivate.fm/abe4183a-4dfa-4a03-97da-92d15c5d473d/_bZUi6Yzjq6h3zQu_ZsaQB5Y.jpeg)
[Series 65] 7, International Economics and Balance of Payments
Open Exam Prep · Ran Chen, EA, CFP®
March 31, 20263m 32s
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Show Notes
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.
In this episode you will learn:
- How a strengthening U.S. dollar negatively impacts U.S. exporters and benefits U.S. importers.
- The direct relationship between a strong dollar and a U.S. trade deficit.
- How a weakening U.S. dollar can help reduce a trade deficit by making exports cheaper and imports more expensive.
- The concept of the balance of payments, including the current account and the difference between debits (money out) and credits (money in).
- The connection between Federal Reserve monetary policy, interest rates, currency strength, and the balance of trade.