(1) Goods Exports (2) Balance on Capital Account (3) Net Transfers (4) Imports of Services (5) Net Investment Income (6) US Purchases of Assets Abroad (7) Goods Imports (8) Foreign Purchases of Assets in the US (9) Exports of Services Multiple Choice The plus items in the table are "export-type" entries and the minus items are "import-type" entries in the balance of payments for the hypothetical country of Zippo. The financial account items for Zippo are 1,2,3, and 4 + 200 0 0 -100 13,4,5,7, and 9 0 -50 -250 +150 +50

(1) Goods Exports (2) Balance on Capital Account (3) Net Transfers (4) Imports of Services (5) Net Investment Income (6) US Purchases of Assets Abroad (7) Goods Imports (8) Foreign Purchases of Assets in the US (9) Exports of Services Multiple Choice The plus items in the table are "export-type" entries and the minus items are "import-type" entries in the balance of payments for the hypothetical country of Zippo. The financial account items for Zippo are 1,2,3, and 4 + 200 0 0 -100 13,4,5,7, and 9 0 -50 -250 +150 +50

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter29: Exchange Rates And International Capital Flows

Section: Chapter Questions

Problem 11RQ: Describe some buyers and some sellers in the market for U.S. dollars.

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(1) Goods Exports +$ 200 (2) Balance on Capital Account 0 (3) Net Transfers 0 (4) Imports of Services −100 (5) Net Investment Income 0 (6) US Purchases of Assets Abroad −50 (7) Goods Imports −250 (8) Foreign Purchases of Assets in the US +150 (9) Exports of Services +50 The plus items in the table are "export-type" entries and the minus items are "import-type" entries in the balance of payments for the hypothetical country of Zippo. The financial account items for Zippo are Multiple Choice A.6 and 8. B.1, 2, 4, 7, and 9. C.1, 2, 3, and 4. D.1, 3, 4, 5, 7, and 9. Type out the correct answer with step by step proper explanation of each option within 40 50 minutes . Will give you thumbs up only for the correct answer. Thank you .
(1) Goods Exports +$200 (2) Balance on Capital Account 0 (3) Net Transfers 0 (4) Imports of Services −100 (5) Net Investment Income 0 (6) US Purchases of Assets Abroad −50 (7) Goods Imports −250 (8) Foreign Purchases of Assets in the US +150 (9) Exports of Services +50 The plus items in the table are "export-type" entries and the minus items are "import-type" entries in the balance of payments for the hypothetical country of Zippo. Zippo has a Multiple Choice current account surplus. financial account deficit. financial account surplus. surplus on goods and services.
6) The value of 100 South Korean Won (KRW) against the Japanese Yen (JPY) rose from9.7730 in May 2014 to 11.1710 on May 1, 2015. What was the percentage change inits value?
Consider the following Purchasing Power Parity (PPP) conversion rate for selected countries in 2021. The table shows the equivalent purchasing power of per USD in each country. Table 1. PPP conversion rate, 2021 (local currency unit per USD) 2021 Country (currency) Indonesia (IDR) Japan (JPY) 4,738.64 61.47 Taiwan, ROC (TWD) 13.48 Source: OECD, 2022 If a 'Subway' tuna mayo sandwich in Indonesia costs IDR 37,500.00, how much does it cost in Taiwan? (Hint: the PPP conversion rate is the real exchange rate to USD) a. TWD342.39. b. TWD109.53. C. TWD2,709.54. d. TWD7.91.
MC Qu. 41-33 The plus items In the table... (1) Goods Exports (2) Balance on Capital Account +$200 (3) Net Transfers (4) Imports of Services (5) Net Investment Income (6) US Purchases of Assets Abroad -100 -50 (7) Goods Imports -250 (8) Foreign Purchases of Assets in +150 the US (9) Exports of Services 450 The plus items in the table are "export-type" entries and the minus items are "import-type" entries In the balance of payments for the hypothetical country of Zippo. The financial account items for Zippo are
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If Canada's exports are $500 billion, imports are $400 billion, and Canadian residents purchased $250 billion in foreign assets, then what amount of Canadian assets did foreign residents purchase? (1 mark) You scored 0 / 1 mark na -$100 billion $50 billion $250 billion -$150 billion $150 billion General Comments How is Canada's trade balance related to its net financial in(or out) flow?
Current Account (1) Goods Exports +$80 (2) Goods Imports −70 (3) Exports of Services +20 (4) Imports of Services −25 (5) Net Investment Income +5 (6) Net Transfers −5 Financial Account (7) Foreign Purchases of Assets in the United States +13 (8) US Purchases of Foreign Assets Abroad -23 Capital Account (9) Balance on Capital Account +5 The table contains balance of payments data (+ and −) for the hypothetical nation of Zabella. All figures are in billions of dollars. Zabella has a balance of trade (goods) Multiple Choice deficit of $10 billion. surplus of $5 billion. surplus of $10 billion. deficit of $5 billion.
ALL THREE QUESTIONS 1.You want to convert AUD 3 million into Japanese Yen (JPY). The exchange rate is 133.3336 JPY/USD, and 0.6456 USD/AUD. How much is AUD 3 million worth in JPY? (Round to two decimal places) (A) JPY 619,579,925.65 (B) JPY 34,851.23 (C) JPY 14,525.97 (D) JPY 258,240,516.48 2.Which of the following foreign exchange rate quotes is given an indirect quote from an American's perspective? (A) 0.6671 USD/AUD (B) 1.2407 USD per GBP (C) 1 USD = 1.3493 CAD (D) 0.1452 USD per any 3.If the AUD appreciates against the USD, from an Australian's perspective, the direct quote of the AUD will (A) Increase (B) Decrease (C) Unchanged (D) None of the above.
You are given the following information. The current Mexican peso- dollar exchange rate is Epeso/$ = 6.5 (P6.5 = 1$) while the price index in Mexico is 600 and the price index in the US is 100. (a) Based on this information, calculate the PPP predicted (implied) rate of exchange between the peso and the dollar? (E defined as (PESO/$). (b) Is the peso overvalued/undervalued based on your answer to part (a)? If so, by how much (%)? Explain. What is the currency overshooting hypothesis and what is behind it?
The Big Mac Index! We discussed the concept of Purchasing Power Parity (PPP) in class. This used the prices of representative bundles of goods to convert GDP and GDP per capita values from local currencies to dollars. The Economist magazine began the practice of using the prices of Big Mac's to make the conversion. You are going to do this now! Here is some evidence from the year 2007 (US GDP reported in trillions of US dollars. China GDP reported in trillions of Chinese Yuan.): GDP Big Mac Price US 14.5 $4.07 China 20 14.70 CNY (a) Suppose China used all its GDP to buy Big Macs (in China). How many big macs could they purchase (report your answer in trillions of big macs)? Round your final answer to one decimal place. (b) Using your answer from Part (a), compute the US dollar value of these big macs in the U.S.
The accompanying table provides nominal exchange rates for the U.S. dollar. Country Foreign currency/dollar Canada (Canadian dollar) 1.256 Mexico (peso) 20.19 Dollar/foreign currency O a. 25.359; 0.039 Ob. 16.075, 0.062 O c. 0.062; 16.075 O d. 0.039; 25.359 0.796 0.050 Based on these data, the nominal exchange rate equals approximately dollar or, equivalently, Canadian dollars per peso. pesos per Canadian