Define external stability... (1 Viewer)

[Washy_182]

My definition: the situation when Australia's dealings with the rest of the world are almost in equilibrium.

This is the definition from the excel textbook, but it was marked wrong in my half yearlies.

What is a more acceptable definition?

 

[amidstreality]

An aim of government policy that seeks to promote sustainability on the external accounts so Australia can service its foreign liabilities in the medium to long term and avoid currency volatility.
(from the Dixon textbook)

 

[Washy_182]

An aim of government policy that seeks to promote sustainability on the external accounts so Australia can service its foreign liabilities in the medium to long term and avoid currency volatility.
(from the Dixon textbook)

Marry me.