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Author Question: Purchasing power parity exists when domestic currency: a. maintains a fixed exchange rate with ... (Read 50 times)

BrownTown3

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on: Jun 30, 2018
Purchasing power parity exists when domestic currency:
 a. maintains a fixed exchange rate with foreign currency.
  b. is not convertible into foreign currency.
  c. buys more goods at home than abroad.
  d. buys as many goods at home as it does abroad.
  e. appreciates in value against foreign currency.

Question 2

Whenever there is a deficit in the current account, the capital account:
 a. will be negative.
 b. will be positive.
 c. will be zero.
 d. could be negative, positive, or zero.


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swimkari

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

b


BrownTown3

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

adf223

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Reply 3 on: Yesterday
:D TYSM

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