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Should students try to show an awareness of the current economic slowdown, the liquidity crisis and the credit crunch or is this more suitable for paper P4?

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Should students try to show an awareness of the current economic slowdown, the liquidity crisis and the credit crunch or is this more suitable for paper P4?

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Showing awareness of the current economic climate is important to the extent that it allows students to demonstrate understanding in particular topic areas. For example, students could refer to the current economic climate if they were asked about factors to consider in relation to a new issue of debt.

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