Critique and assess the gold standard and its role in regard to monetary policy and the international monetary system.

Each response needs to be at leas 200 words. APA style, citations included at bottom of each response. No title page or citation page required.

#1 Propose the similarities and differences of the current account and financial account in the balance of payments structure. In doing so, apply your analysis to explain the trade balance between the U.S. and China.

# 2 Critique and assess the gold standard and its role in regard to monetary policy and the international monetary system.

# 3 Propose the connection between the balance of payments framework and exchange rates.

# 4 Propose the importance of the financial account (from the BOP-Balance of payments) to economic indicators.