Chat with AI
Macroeconomics 13th Edition by William Baumol ,Alan Blinder
Edition 13ISBN: 978-1305280601Macroeconomics 13th Edition by William Baumol ,Alan Blinder
Edition 13ISBN: 978-1305280601 Exercise 12
Suppose each of the transactions listed in Test Yourself Question 2 was done by many Americans. Indicate how each would affect the international value of the dollar if exchange rates were floating.
Reference Test Yourself Question 2
For each of the following transactions, indicate how it would affect the U.S. balance of payments if exchange rates were fixed:
a. You spent the summer traveling in Europe.
b. Your uncle in Canada sent you $20 as a birthday present.
c. You bought a new Honda, made in Japan.
d. You bought a new Honda, made in Ohio.
e. You sold some stock you own on the Tokyo Stock Exchange.
Reference Test Yourself Question 2
For each of the following transactions, indicate how it would affect the U.S. balance of payments if exchange rates were fixed:
a. You spent the summer traveling in Europe.
b. Your uncle in Canada sent you $20 as a birthday present.
c. You bought a new Honda, made in Japan.
d. You bought a new Honda, made in Ohio.
e. You sold some stock you own on the Tokyo Stock Exchange.
Explanation
Verified
Verified
Balance of Payment
Balance of Payment r...
Macroeconomics 13th Edition by William Baumol ,Alan Blinder
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255
