Question 7 a) What are the main components of the current account of the balance of payments? (4 marks) b) What are the main components of the financial accounts of the balance of payments? (4 marks) c) For a country that has a floating exchange rate, how can the balance of payments be a problem, if the accounts always balance? (4 marks) d) For a country that has a fixed or pegged exchange rate, how can the balance of payments cause problems? (4 marks) e) How did global imbalances contribute to the Global Financial Crisis of 2007/08? (4 marks)