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“The balance of payments is always balanced.” Discuss.
Answer: True. Every international transaction automatically enters the balance of payments twice, once as a credit and once as a debit.Current account + financial account + capital...
cyxssbThe nation of Pecunia had a current account
a.What was the balance of payments of Pecunia in that year? What happened to the country’s net foreign assets?Ans. –The balance of payments is a colloquial name for the official ...
cyxssbConsider the following entries into Canada’s
Current Account: 30.7Capital Account: 5.3Financial Account (excluding official international reserves): -24.9 Statistical Discrepancy: -5.5What happened to Canada’s net foreign as...
cyxssbSuppose the nation of Pecunia had a current account
What happened to Pecunia’s net foreign assets in 2013?The CA deficit indicated net foreign assets decreased by $1 billion.How would the purchase of Pecunian assets by foreign cent...
cyxssbWhich one of the following statements is the most accurate?
A.A depreciation of a country’s currency makes its goods cheaper for foreigners.B.A depreciation of a country’s currency makes its goods more expensive for foreigners.C.A depreci...
cyxssbWhich of the following statements is the most accurate?
A.For a given U.S. interest rate and a given expectation with regard to the future exchange rate, a rise in the interest rate paid by euro deposits causes the dollar to depreciate....
cyxssbWhich of the following statements is the most accurate?
A.A rise in the interest rate offered by dollar deposits causes the dollar to appreciate.B.A rise in the interest rate offered by dollar deposits causes the dollar to depreciate.C....
cyxssbWhat are the factors affecting the
What are the factors affecting the demand for foreign currency?Answer: Three factors affect the demand for foreign currency. They are expected return, risk, and liquidity.
cyxssbWhich one of the following statements is the most accurate?
A.A decrease in the money supply lowers the interest rate, while an increase in the money supply raises the interest rate, given the price level and output.B.An increase in the mon...
cyxssbWhich one of the following statements is the most accurate?
A.A permanent increase in a country’s money supply causes a proportional long- run depreciation of its currency against foreignB.A temporary increase in a country’s money supply ...
cyxssbIn order for the condition E$/HK$ = Pus/PHK to hold,
In order for the condition E$/HK$ = Pus/PHK to hold, what assumptions does the principle of purchasing power parity make?A.No transportation costs and restrictions on trade; commod...
cyxssbWhich of the following statements is the most accurate?
A.The monetary approach to the exchange rate is a long-run theory.B.The monetary approach to the exchange rate is a short-run theory.C.The monetary approach to the exchange rate is...
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