The balance of international payments is a book-keeping tautology which is essentially irrelevant to a market economy. Discuss.

a) An accountancy book-keeping exercise
b) (Si??I)?(Gi??T)+(Xi??M);(S+T)i??(I+G)? (Xi??M)
c) Fixed and floating exchange rates
d) disequilibrium shows in changing exchange value of currency
e) Disequilibrium shows in measures to defend a fixed exchange value of currency
f) International capital flows: i??hoti?? money and long-term capital transfers
g) Foreign exchange reserves
h) Basic balance
i) Balance for official financing