Author Question: The balance of payments is: a. the difference between the dollar value of exports and the dollar ... (Read 49 times)

torybrooks

  • Hero Member
  • *****
  • Posts: 500
The balance of payments is:
 a. the difference between the dollar value of exports and the dollar value of imports.
  b. the same as the merchandise account.
  c. a summary statement of all international trade transactions of one country with the rest of the world.
  d. a summary statement of all domestic exchanges of goods and services between producers and buyers.
  e. a record of the amount of U.S. dollars held abroad.

Question 2

Assume that the exchange rate moves from 1 = 1.2 to 1 = 0.97 . This change in exchange rate indicates that:
 a. the euro has depreciated in value.
  b. the price of a holiday in Europe has become less expensive for U.S. residents.
  c. the U.S. dollar price of European chocolate has fallen.
  d. the U.S. dollar has appreciated in value.
  e. the euro has appreciated in value.



xthemafja

  • Sr. Member
  • ****
  • Posts: 348
Answer to Question 1

c

Answer to Question 2

e



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

For a complete list of videos, visit our video library