Macro 5.1- Balance of Payments | Forex

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1. Actually, China has been running both an current account and capital account surplus, called 'Twin Surpluses'; something very unusual. Mighty Chinese :)
2. 2:15 what if China doesn't buy American assets with its dollars?
3. U r clever cus u have a knack of explaining it in an easy to understand way. Thanks.
4. this is CRAAAAAAAAAAAAAAAAAAAAAAZY
5. Mr. Clifford, when the U.S. imports goods from Mexico, does the U.S. send Mexico US dollars or peso's for those goods?
   
   I have heard and read from other resources that when the U.S. imports goods and services, the exporting country can only do two things with the US dollars, either buy U.S. goods w/ the new acquired dollars our buy U.S. financial assets. Is this correct? This theory implies these transactions are settled w/ U.S. dollars.
   
   Where I get confused is w/ the foreign exchange markets? When the U.S. imports goods and services, couldn't the exporting country just use the FOREX market to convert the U.S. Dollars to their native currency?
   
   I guess the basic question I have is, which currency is used to settle foreign transactions? Are they settled w/ the importer's currency or foreign currency? Thanks for your help! Your videos are awesome. Keep up the good work.
   
   Joel
6. I have a question if China Has surplus then why would it invest in American Assets Why not in their own assets?
7. Clifford, I love you. Just bought the guide <3
8. Good day Sir
   
   I trust you are well. I wanted to know if I can get your permission to download your videos, as I do not have internet access at home.
   
   I would really appreciate this as your videos can aid my understanding of economics.
9. why do we assume that China is gonna buy American assets with the money from exports? They could spend it in China or in other countries
10. You ma nigga bruh, always helping me out and shit
11. What level of students do you teach?
12. I wonder what will happen if China spend US dollar to buy, for example, European bonds rather than American bonds? Why does trade deficit cause wars like 1840 Opium War?
13. Thanks
14. You can also watch him teach Economics on Crash Course
15. Oh, thank you so much!!
16. So easy to understand. Thank you, Mr. Clifford!
17. This is irrelevant but I have one question while studying the BOF.
    What does it mean by "Running down the foreign exchange reserves"?
    I looked for the textbook, youtube video, reference, PPT, and even googled it and nothing came up.
    How, on earth, are we expected to know those things without any explanation? Like really. How?
    This is nothing against your video anyway. Without your video I would have just ripped my Eco textbook and cried my eyes out.
18. Thank you for these videos, not sure what i would have done without them!!! At university i have been told that there are three types of accounts and that financial and capital accounts are two separate accounts. Why would this be? Thanks again
19. Hello Mr Clifford I honestly found your videos very useful. I'm just wondering if you can do more videos about balance of payments I'm really struggling to understand it. THANK YOU
20. Perfect and super quick